Imerys, a world leader in mineral-based specialty solutions for the industry, has entered into a share purchase agreement with mining group IPM Industries and individual shareholders for the sale of its 50% stake in their Turkish joint venture Pergem, which was established to produce and export crushed and screened perlite ore to the CIS markets.
The transaction successfully closed on 22 December 2022, resulting in the Turkish partner taking over sole control of the company. The carve-out of Imerys’ participation in this joint venture takes place within the broader context of the sale of Imerys’ high temperature solutions business in 16 countries worldwide to global investment firm Platinum Equity, for an enterprise value of approximately EUR 930 million.
Paksoy is pleased to announce that a team led by partner Stéphanie Beghe Sönmez, together with senior associate Simge Şengün and associate Beritan Arık, partner and head of tax & fiscal services Şansal Erbacıoğlu and senior tax specialist Canay Palak, acted as legal counsel to Imerys on this transaction.
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