Torunlar Group’s Acquisition of a 50% Stake in AKCEZ Enerji

Kinstellar and Gen Temizer Özer Torunlar advised Baskent Dogalgaz Dalitim Gayrimenkul Yatirim Ortakligi and Torunlar Enerji Sanayi ve Ticaret on the deal.

Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S., the second-largest gas distributor in Turkey and publicly listed on the Istanbul stock exchange, and Torunlar Enerji Sanayi ve Ticaret A.S., a Turkish investment holding company and the majority owner of Baskentgaz, executed the acquisition of a 50% stake in AKCEZ Enerji A.S. from CEZ Group, which following final closure of the deal will exit its existing joint venture with Akkök Group.

CEZ Group, headquartered in the Czech Republic, is one of the largest utilities and among the largest public companies in Central and Eastern Europe.

The Kinstellar and Gen Temizer Özer team was led by Partners Edmund Emre Özer (Picture) and Müfit Arapoglu, together with Associate Nazli Kardesler. The team was supported by Seyma Olgun (Senior Associate) and Ege Erol (Associate), as well as by Kamil Blazek (Partner) and Matej Vecera (Associate) as to matters of Czech law.  

Involved fees earner: Ege Erol – Gen Temizer Oze; Nazli Kardesler – Gen Temizer Oze; Seyma Olgun – Gen Temizer Oze; Mufit Arapoglu – Kinstellar; Kamil Blazek – Kinstellar; Emre Edmund Ozer – Kinstellar; Matej Vecera – Kinstellar;

Law Firms: Gen Temizer Oze; Kinstellar;

Clients: Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi; Torunlar Enerji Sanayi ve Ticaret ;