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Baker & McKenzie Advises Marubeni On Acquisition Of 49% Stake In Turkish Construction Distributor.

21 May, 2014

 

Baker & McKenzie (Gaikokuho Joint Enterprise) in Tokyo and Esin Attorney Partnership (Istanbul), the Turkish member firm of Baker & McKenzie International, have advised the Japan-based Marubeni Corporation on the acquisition of a 49% stake in Temsa İş Makinaları İmalat Pazarlama ve Satış A.Ş. (Temsa İş Makinaları), a Turkish distributor of Komatsu construction equipment, from TEMSA GLOBAL Sanayi ve Ticaret A.Ş. (TEMSA GLOBAL). The deal was signed on 5 March 2014and closed on 28 April 2014.

 

The Baker & McKenzie team was led by Istanbul-based M&A partners Ismail Esin and Aslı Yiğit .

 

“This acquisition marks an important step in the partnership between Marubeni and Temsa İş Makinaları. With the contribution of Marubeni, Temsa İş Makinaları will strengthen its leading position in Turkey,” Istanbul-based M&A partner Aslı Yiğit commented.

 

“Turkey is becoming an increasingly important and popular investment destination for Japanese investors, mainly for its strong domestic market and its position as a hub for the wider region. Marubeni’s acquisition is a symbolic deal which will further strengthen ties between Turkey and Japan,” Tokyo-based Middle East and Africa Focus Group head Mina Arai-Ito added.

 

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