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SCA Acquisition of 50% stake in Komili
On 29 June 2011, Swedish SvenskaCellulosa Aktiebolaget (SCA), a global hygiene and paper company, announced the acquisition of a 50% stake in Turkish hygiene products company Komili from Yildiz Holding AS (Ulker group), for 77 million Turkish lira.
Komili, which will operate as a joint venture between SCA and Yildiz Holding, is currently the fourth largest producer of baby diapers and feminine care products in Turkey .
The acquisition includes local production and access to a strong distribution network in the country.
SCA is a global hygiene and paper company that develops and produces personal care products, tissue, packaging solutions, publication papers and solid-wood products.
The transaction is expected to be finalised during the third quarter of the current year, and is subject to the usual conditions including Competition Board approval.
Paksoy is pleased to announce that Mr. M. Togan Turan (partner) and Ms. Stephanie Beghe Sonmez (foreign counsel) represented SCA in this transaction.
Yildiz Holding (Ulker) was represented by Mr. Cuneyt Yuksel (partner) and Mr. Ekin Gokkilic (partner) from YukselKarkinKucuk in this transaction.
For more information please visit www.paksoy.av.tr