Erdemoğlu Group $104 million acquisition of 51% of Sasa Polyester Sanayi from Sabancı Holding

13/1/2015

Private acquisition

Value:

$ 104 million

Status:

Completed

Date:

13/1/2015

Overview:

Erdemoğlu Holding acquired a 51% stake in Sasa Polyester Sanayi from Hacı Ömer Sabancı Holding for $104 million.
The deal followed a previous bid by Indorama Netherlands for the same stake that was terminated following a competition investigation phase opening

Jon Moore - Journalist

Jurisdiction:

Türkiye

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Turkey

Industry sector:

Industrials and manufacturing

Firms:

Gedik & Eraksoy

Party: Indorama Netherlands (Acquirer)

Gen Temizer

Party: Hacı Ömer Sabancı Holding (Seller)

Lawyers: Ebru Temizer, Edmund Emre Özer

Taktak Semiz Baltalı Yörükoğlu Attorney Partnership

Party: Akbank (Lender)

Toydemir & Tumen Law Office

Party: Erdemoğlu Holding (Acquirer)

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