Paksoy advised Stellantis Group on the sale of shares representing the entire share capital of Stellantis Otomotiv Pazarlama A.Ş (Stellantis’ distribution company in Turkey) to TOFAS Türk Otomobil Fabrikası A.Ş.
Currently, 24.3% of Tofaş’s shares are traded on the Borsa İstanbul stock exchange, with Koç Holding and Stellantis each holding equal stakes in the remainder.
Through this transaction, Stellantis N.V., one of the world’s leading automakers and a mobility provider, will consolidate all activities in Türkiye under a single entity, meaning that all Stellantis brands in Turkey (Alfa Romeo, Fiat, Citroën, DS Automobiles, Jeep®, Maserati, Opel, and Peugeot) will be distributed by Tofaş.
Paksoy is pleased to announce that a team led by partner Togan Turan, partner Ökkeş Şahan (capital markets), partner Nazlı Bezirci (corporate), partner Sansal Erbacioglu (tax), associate Melisa Sevinç, LL.M. (corporate), associate Melis Azman (corporate), associate İdil Güneş (corporate), associate Nazım Canay Palak (tax), associate Gamze Boran (competition) and associate Ece Bezmez (competition) advised Stellantis Group on this transaction. The transaction is expected to close following clearance of the Turkish Competition Board.
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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.