CS Wind, which is one of the world’s top wind tower manufacturers has agreed to purchase 100% shareholding of Ege Tower based in İzmir.
With production bases in Vietnam, China, Canada, UK, CS Wind aims to expand its business in Turkey as a strategic first step before penetrating into the neighbouring countries. The deal showcases strengthening of economic relations between South Korea and Turkey, especially before introduction of the Turkish government’s incentivising plans in the renewable energy sector. The deal was closed as of June 2018, following satisfaction of corporate and regulatory requirements.
Paksoy was pleased to announce that M. Togan Turan (Partner), Serdar Ildırar (Senior Associate) and Ece Sarıca (Associate) advised CS Wind on this transaction.