Bezen & Partners has represented MB UAE INVESTMENT LLC on buying out minority shareholders in Turkish subsidiaries

Bezen & Partners has represented MB UAE INVESTMENT LLC on buying out minority shareholders in Turkish subsidiaries

Bezen & Partners has represented MB UAE INVESMENT LLC (“MB UAE”), an affiliate of the energy giant MB Holding Company LLC, active in the drilling and oilfield sector, exploration and production of oil and gas and oil and marine related engineering services. The transactions consisted of the acquisition of a portion and/or all of the shares in Turqoise Yat Sanayi Anonim Şirketi, Turqoise Shipyard Yat ve Gemi Sanayi Anonim Şirketi, Makinel İnşaat Turizm Sanayi ve Ticaret Anonim Şirketi, Turkuaz Yat İnşaat Sanayi ve Ticaret Anonim Şirketi and Proteksan Yat ve Gemi Sanayi Ticaret Anonim Şirketi, all entities being active in the yacht design, manufacturing and maintenance sector. Following the completion of these acquisitions, Dr. Mohammed Al Barwani, the world renowned Forbes billionaire, will have indirect control over all of the foregoing entities. The Competition Authority already gave its green light to the transactions. All acquisitions are currently intended to take place simultaneously, within the first quarter of 2021, once the effects of the COVID-19 pandemic retreat to normal levels.   The Bezen & Partners’ team was led by partner Murat Soylu, senior associate Eren Soydan and associates Berfu Öztoprak, Aykut Aydın and Salih Kartal.