Paksoy advises CEVA Logistics on the acquisition of Borusan Tedarik

CEVA Logistics, a subsidiary of the CMA CGM Group and a leading international logistics company, has entered into a binding share purchase agreement to acquire 100% of Borusan Tedarik Zinciri Çözümleri ve Teknoloji Anonim Şirketi (“Borusan Tedarik”) for USD 440 million, subject to usual adjustments, the logistics arm of Borusan Holding, including vehicle logistics, ground transport and air and ocean freight businesses. The deal, which also includes Borusan Tedarik subsidiaries in Germany, Bulgaria, Hong Kong and China, remains subject to customary closing conditions and regulatory approvals.

Paksoy is pleased to announce that a large team led by partner Elvan Aziz and counsel Zekican Samlı, together with, among others, senior associate Mete Siber and associates Beritan Arık, Lale Ayrancıoglu, Sibel Postacıoğlu and Ata Deniz acted as Turkish counsel to CEVA Logistics on this transaction, whereas tax partner Şansal Erbacıoğlu advised regarding the tax aspects of the share purchase agreement. Paksoy has acted alongside Willkie Farr & Gallagher LLP Paris office in this project, acting as the global counsel.

You can reach CEVA Logistic’s announcement here.