Dow, one of the world’s leading materials science companies, announced on 2 June 2025 that it has signed an agreement to sell its 50% stake in DowAksa Advanced Composites Holdings BV (DowAksa) to Aksa Akrilik Kimya Sanayii A.Ş., a company of Akkök Holding, for USD 125 million. DowAksa, a Dutch joint venture formed between Dow and Aksa in 2012, owns Turkey’s only carbon fibre manufacturer, offering advanced carbon fibre composites solutions to the Aerospace and Defence sectors. The transaction is subject to customary regulatory approvals.
Paksoy is pleased to announce that a team led by partner Stéphanie Beghe Sönmez, along with senior associates Pınar Babaoğlu and Mete Siber, acted as Turkish counsel to Dow on this transaction, with King & Spalding serving as global counsel. Paksoy competition partner Togan Turan and associate İrem Uysal are handling the merger clearance.
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
16 December 2025
We are recognised as Tier 1 in Dispute Resolution and Tier 2 in Arbitration by Benchmark Litigation in Türkiye
We are recognised as Tier 1 in Dispute Resolution and Tier 2 in Arbitration by Benchmark Litigation in Türkiye.
8 December 2025
We are named Turkey Legal Advisor of the Year at the 2025 Mergermarket European M&A Awards
We are proud to share that we have been named the Turkey Legal Advisor of the Year at the Mergermarket European M&A Awards 2025.
4 December 2025
We are, once again, ranked Highly Recommended in Türkiye in the GCR 100 2026
We are, once again, ranked Highly Recommended in Türkiye in the GCR 100 2026, the global guide recognizing the world’s leading competition…
2 December 2025
Serdar Paksoy Shared Insights in the Anti-Corruption Report Interview
David Hill from the Anti-Corruption Report spoke with Serdar Paksoy about the country’s anti-corruption laws, enforcement and related risks…
25 November 2025
Paksoy Celebrates 7 GBM Awards at 2025
Paksoy celebrates 7 GBM Awards at 2025, showcasing our strength in complex debt finance, sukuk, project finance & private credit.
