Paksoy and Germany's Schulteriesenkampff law firm have advised Imerys on the acquisition of a 60% stake in the Haznedar Group, via its subsidiary Calderys Deutschland GmbH, from several individual shareholders. The AK Law Firm advised the sellers on the deal, which is expected to close in the last quarter of 2020.
Imerys is a French multinational company that specializes in the production and processing of industrial minerals. According to Paksoy, Imerys has an option to raise its stake in the Haznedar Group up to 100%.
The Haznedar Group is a Turkish high-grade monolithic refractories and refractory bricks manufacturer.
Paksoy’s team included Partner Stephanie Beghe Sonmez, Counsel Sansal Erbacioglu, and Associates Can Yasin Aksoy and Elvan Yolcu.
AK’s team included Managing Partner Tayga Ak, Partner Isil Okten, and Trainee Lawyer Ilayda Ozdemir.