Paksoy has advised Kibar Holding on the sale of Assan Gida Sanayi ve Ticaret to Kraft Heinz Company. Esin Attorney Partnership advised Heinz on the deal.
The deal is expected to close by the second half of 2021, pending closing and regulatory approvals.
Kibar Holding, an industrial conglomerate in Turkey, is the sole owner of ketchup, mayonnaise, sauce, and tomato paste producer Assan Gida Sanayi ve Ticaret A.S.
Paksoy’s team included Partner Elvan Aziz, Senior Associate Hazal Korkmaz, and Associate Bengusu Guvendi.
Esin's team included Partner Duygu Turgut and Senior Associate Orcun Solak.