Şişecam’s Acquisition of EBRD’s Shares in Şişecam Environmental Systems
Gen & Temizer | Özer advised the European Bank for Reconstruction and Development (EBRD) on the sale of its stake in Şişecam Environmental Systems to issuer Şişecam.
Erdem & Erdem advised Şişecam.
Based in Turkey, Şişecam is a major player in the global glass production industry, with a product and service portfolio that includes flat glass, glassware and glass packaging. The firm acquired EBRD’s 10% share in Sisecam Environmental Systems, leaving Şişecam as its sole shareholder. Şişecam and EBRD established Şişecam Environmental Systems jointly in 2016 to support the industrialisation of Turkey’s glass waste collection and recycling sector.
Gen & Temizer | Ozer advised EBRD with a team comprising partners Edmund Emre Özer and Baran Gen, senior associate Yağmur İpek Özen and associate Ege Erol.
