Erdem & Erdem has advised Akfen Holding A.S. on Turkish and English law matters related to its agreement to transfer its shares in Mersin Uluslararasi Liman Isletmeciligi A.S. — the operator and manager of a port in Mersin, Turkey — to Australian infrastructure fund IFM Investors.
According to Erdem & Erdem, the transfer amounted to 40% of the share capital.
According to Bloomberg, Mersin Uluslararasi Liman Isletmeciligi "offers container services, including container freight station and railway terminal services; conventional cargo services, such as dry bulk cargo, liquid bulk cargo, project cargo, general cargo, ro-ro cargo, and passengers terminal; and marine services, including pilotage and towage services. It also provides refrigerated container terminal, X-ray inspection and weighbridge, auto terminal, and special consumption tax-free fuel services. The company was founded in 2007 and is based in Mersin, Turkey.
Erdem & Erdem reports that its team "drafted the transaction documents and participated in the negotiations of the related agreements constituting the share transfer."
