Migros Ticaret A.S. merges with Kipa Ticaret A.S.

Migros Ticaret A.Ş. (“Migros”), which has previously acquired shares of Kipa Ticaret A.Ş. (“Kipa”) from Tesco Overseas Investments Limited on 1 March 2017, has now merged Kipa under Migros as of 31 August 2018, upon approval of the Capital Markets Board on 19 July 2018.

Paksoy is pleased to announce that Sera Somay (Partner), Ökkeş Şahan (Counsel), Nazlı Bezirci (Senior Associate), Gülce Saydam Pehlivan (Senior Associate) and Nazlı Tönük Çapan (Associate) led the team advising Migros in all aspects of this significant merger transaction.