Erdem & Erdem has advised Sisecam on its acquisition of EBRD's stake in Sisecam Environmental Systems. Kinstellar Turkish affiliate Gen & Temizer Ozer advised the EBRD.
According to Erdem & Erdem, “operating globally in all areas of the glass industry, including flat glass, glassware, and glass packaging, Sisecam acquired the European Bank for Reconstruction and Development's 10% of shares in Sisecam Cevre Sistemleri. As a result, Sisecam became the sole shareholder of Sisecam Environmental Systems, which Sisecam established with the EBRD in 2016 to support the industrialization of the glass waste collection and recycling sector in Turkey” (as reported by CEE Legal Matters on January 4, 2017).
Erdem & Erdem's team included Partner Ozgur Kocabasoglu and Associate Helin Akbulut.
Gen & Temizer Ozer's team included Partners Edmund Emre Ozer and Baran Gen, Senior Associate Yagmur Ipek Ozen, and Associate Ege Erol.