Solvay S.A., a leading chemical company based in Belgium, has signed an agreement to sell its North American and European amphoteric surfactant manufacturing business, including the tolling business in Turkey, to OpenGate Capital, a global private equity firm. The transaction is expected to close by the end of March 2021, subject to satisfaction of regulatory approvals.

Paksoy is pleased to announce that a team led by Elvan Aziz (partner) together with Miray Cura (senior associate) as well as Sansal Erbacioglu (partner) for tax matters acted as Turkish counsel to Solvay S.A. on this transaction.

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This is for information purposes; it is not legal advice. As laws and their interpretation may change, please consult Turkish legal counsel to confirm the current position and obtain advice tailored to your circumstances before making any decision or taking action in relation to your matter in Türkiye. All rights reserved.


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