Balcıoğlu Selçuk Akman Keki Attorney Partnership team, led by Partner and Head of Corporate and M&A Galip M. Selçuk, successfully assisted Yıldız Holding in the signing of the Sale and Purchase Agreement regarding the sale of its affiliate manufacturing culinary products Örgen Gıda and its Bizim Mutfak brands to the Japanese food and chemical corporation Ajinomoto Co.,Inc. for approximately 220 million TRL. The acquisition will be finalized following the pending Competition Board approval.

Yıldız Holding is one of the largest food manufacturers in Central and Eastern Europe, the Middle East, and Africa generating a turnover of USD 9,1 billion, with workforce of 48,000 people in 77 factories (25 of which are outside Turkey), reaching its consumers with 320 brands. Örgen Gıda is a leading Turkish company produces instant soups, bouillons, powder desserts, seasonings and mixes spices and Bizim Mutfak brands are active in the same market.

Founded in 1909, Japanese food and chemical corporation Ajinomoto Co., Inc, which produces seasonings, cooking oils, TV dinners, sweeteners, amino acids and pharmaceuticals, is one of the significant leading players in the market.

BASEAK team included Partner Galip M. Selçuk, Associate Yasemin Güctekin.

About Balcıoğlu Selçuk Ardıyok Keki

Balcıoğlu Selçuk Ardıyok Keki Attorney Partnership is an Istanbul-based full service law firm with a team of 130+ lawyers and economists. Our practice focuses on a wide range of areas including real estate, corporate, mergers and acquisitions, banking, project finance, capital markets, competition and anti-trust, employment, litigation and arbitration, telecommunication, regulatory and public law and intellectual property. We represent and advise Turkish and multinational clients, including Fortune 500 companies, in the banking and finance, private equity, real estate, manufacturing, hospitality and leisure, retail, automotive, energy, information technology, life sciences, luxury fashion and beauty, and media sectors.