The Balcioglu Selcuk Ardiyok Keki Attorney Partnership has advised Sabanci Holding and the PPF Group on the acquisition by each of a 50% stake in Temsa Ulasim Araclari Sanayi ve Ticaret Anonim Sirketi.
Financial details of the transaction were not disclosed.
Temsa is a Turkish bus and coach manufacturer, with more than 20,000 vehicles sold domestically and 15,000 exported to 70 countries around the world.
Sabanci Holding, through its subsidiaries, has developed a portfolio in education, banking, insurance, energy, industrial, building materials, retail, and technology.
PPF Group is an international investment company which manages assets valued at EUR 50 billion. It is the main shareholder of the Czech engineering and industrial company Skoda Transportation.
BASEAK's team consisted of Partner Galip Murat Selcuk, Counsel Selahattin Kaya, and Associates Idil Tumer and Muge Atalay.
BASEAK did not reply to an inquiry about the deal.