IC İÇTAŞ İnşaat Sanayi ve Ticaret A.Ş’s 51% Sale Of Interest In ICA IC İÇTAŞ ASTALDI Üçüncü Boğaz Köprüsü ve Kuzey Marmara Otoyolu Yatırım ve İşletme A.Ş

Baker McKenzie and Esin Attorney Partnership advised IC İÇTAŞ İnşaat Sanayi ve Ticaret A.Ş. on the sale of 51% of its interest in ICA IC İÇTAŞ ASTALDI Üçüncü Boğaz Köprüsü ve Kuzey Marmara Otoyolu Yatırım ve İşletme A.Ş.

Under the terms of the agreement, IC ICTAS and the Chinese consortium will be undertaking the financing, design, construction, operation, and all maintenance and repair of the Northern Marmara Motorway Odayeri-Pasaköy Section (including the Third Bosphorus Bridge) located in Istanbul, Turkey.

IC IÇTAS Insaat Sanayi ve Ticaret A.S. is the flagship company within IC Ibrahim Çeçen Yatirim Holding A.S. It is one of the leading construction and concession investment companies in Turkey, which focuses on PPP projects in partnership with international counterparties and leading financial institutions.

The consortium was composed of China Merchants Expressway Network & Technology Holdings Co., Limited; China Merchants Union (BVI) Limited; Jiangsu Expressway Company Limited; Zhejiang Expressway Co. Limited; Anhui Expressway Company Limited; and Sichuan Expressway Co., Limited.

The Esin Attorney Partnership team was led by Partner Ismail Esin (Picture), together with Partner Caner Elmas and Associate Mehmetcan Atasoy. The team was assisted by Partner Tracy Wut and Associate Lily Liu of Baker McKenzie in Hong Kong and Partner Maggie Chen of Baker McKenzie FenXun (FTZ) Joint Operation in Shanghai.

Involved fees earner: Maggie Chen – Baker McKenzie; Lily Liu – Baker McKenzie; Tracy Wut – Baker McKenzie; Mehmetcan Atasoy – Esin Attorney Partnership; Caner Elmas – Esin Attorney Partnership; Ismail Esin – Esin Attorney Partnership;

Law Firms: Baker McKenzie; Esin Attorney Partnership;

Clients: IC Ictas Insaat Sanayi Ve Ticaret AS ;

Author: Michael Patrini.