BAE Systems, a British multinational company providing some of the world’s most advanced, technology-led defence, aerospace and security solutions, has entered into a share purchase agreement with Turkish conglomerate Nurol Holding for the sale of its 49% stake in their joint venture Nurol BAE Systems, which operates in the aerospace and defence sector in Turkey. The transaction successfully closed on 21 November 2022, resulting in Nurol Holding taking over sole control of the company. BAE Systems remains a key supplier of the TF-X project with Turkish Aerospace and the parties have agreed to continue exploring joint opportunities in the Turkish aerospace sector.
Paksoy is pleased to announce that a team led by partner Stéphanie Beghe Sönmez, together with senior associate Zeynep Toma, associates Deniz Benli and Göksu Çetin, partner and head of tax & fiscal services Şansal Erbacıoğlu and senior tax specialist Canay Palak, acted as Turkish counsel to BAE Systems on this transaction.
Share
Related persons
You can contact us for detailed information.



Legal Information
This briefing is for information purposes; it is not legal advice. If you have questions, please call us. All rights reserved.
You May Be Interested In
10 August 2026
Paksoy closes Fysol’s acquisition of shares of Beşler Glass Fiber
Fysol, a France-headquartered player in the glass fiber industry backed by private equity firm Blantyre Capital, has completed the…
6 August 2026
Four Deals. Five Business Days. One Team.
The past week showcased the depth, coordination, and strength of our M&A practice, as our teams advised on four significant M&A deals…
6 August 2026
Paksoy closes APP’s acquisition of Sanipak from Eczacıbaşı Holding
On 31 July 2026, APP, through its Turkish subsidiary, completed its acquisition of Sanipak from Eczacıbaşı Holding following receipt of all…
5 August 2026
Paksoy closes Carrefour’s sale of its stake in CarrefourSA
On 31 July 2026, the sale of Carrefour's 32.16% stake in CarrefourSA, one of Türkiye's leading food retailers, to Yeni Mağazacılık A.Ş., a…
29 July 2026
Paksoy advises Azimut on the acquisition of Yapı Kredi Portföy, one of Türkiye’s leading asset management companies
On 29 July 2026, Azimut, a leading international asset management group, entered into a share purchase agreement to acquire approximately…
14 July 2026
Emre Kotil and Emre Açıkgöz contributed to the Türkiye Chapter of the AI Justice Atlas
As Türkiye's Grand National Assembly AI Research Commission's landmark report enters the public debate, the conversation around AI in…
