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Paksoy and Cigdemtekin Cakirca Aranci Advise on Acquisition of Turkish Power Plant

Paksoy and Cigdemtekin Cakirca Aranci Advise on Acquisition of Turkish Power Plant

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Paksoy has advised Albioma and Cigdemtekin Cakirca Aranci has advised Egesim on their acquisition of 75% and 25%, respectively, of Turkish geothermal power plant Gumuskoy, from BM Holding.

Financial details of the transaction were not disclosed.

Albioma is a French producer of solar, geothermal, and biomass renewable energy. 

Egesim is a industrial services provider that was founded in1994 in Izmir, Turkey. 

BM Holding is a Turkey-based developer of dams, hydroelectric power plants, tunnels and shafts, land irrigation, and sewerage networks, among other things.

Paksoy’s team consisted of Partners Stephanie Beghe Sonmez and Sansal Erbacioglu, Senior Associate Soner Dagli, and Associate Simge Sengun. 

Cigdemtekin Cakirca Aranci’s team included Managing Partner Gamze Cigdemtekin Ozer, Ankara-based Senior Associate Basak Kaplan, and Istanbul-based Associate Bahar Ferahkose.

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