Paksoy Advises NYK on Joint Venture Formation with Oyak

Paksoy Advises NYK on Joint Venture Formation with Oyak

Turkey
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Paksoy has advised Japan's Nippon Yusen on the formation of a joint venture with Oyak, the Turkish military's pension fund, to build a port in northwest Turkey with an investment of USD 110 million to serve the automotive sector.

The joint venture will be 55% owned by Oyak and 45% owned by Nippon Yusen. Construction will begin this year and the port is scheduled to enter service in 2019.

The Paksoy team consisted of Partner Togan Turan and Senior Associate Serdar Ildirar.