Istanbul, Turkey, 22 September 2015 – Cargill's animal nutrition business acquires majority stake in Ekol Gida, a leading marketer of premixes and feed additives in Turkey.
"We are pleased to continue our firm's relationship with Cargill by advising them on a strategic acquisition which marks Cargill's entrance into the animal nutrition business in Turkey. This acquisition will further enhance Cargill's already leading position in the animal nutrition business, especially in the surrounding region," commented Partner Duygu Turgut.
A team of lawyers from Esin Attorney Partnership, a member firm of Baker & McKenzie International, advised Cargill Holdings B.V. on the acquisition of 51% of the issued share capital of Ekol Gida Tarim Ve Hayvancilik Pazarlama Sanayi Ve Ticaret Anonim Sirketi (Ekol Gida). The deal was signed on May 26, 2015 and closed on September 4, 2015.
The deal was led by M&A Partner Duygu Turgut with support from Associate Orcun Solak in Istanbul. The Firm's competition team led by Zumrut Esin and Hakki Can Yildiz advised on the competition law aspects of the deal.
The Firm previously advised Cargill Tarım Sanayi ve Ticaret A.Ş., Cargill's Turkish subsidiary, on the acquisition of Alemdar Kimya Endustrisi A.S., a Turkish oleochemical production company.
Cargill is one of the world's largest, privately-owned businesses, providing food, agricultural, risk management, financial, and industrial products and services around the globe. Animal feed & nutrition is one of Cargill's core businesses.
About Esin Attorney Partnership
Esin Attorney Partnership has long been a leading provider of legal services in the Turkish market. Today, as a member firm of Baker & McKenzie, our team of nine partners and more than 60 lawyers is an integral part of a seamless global network. Our Firm is recognized locally and globally for our M&A experience, and we have advised on some of the largest deals in the Turkish market, involving public and private companies, private equity funds and other strategic investors.
About Baker & McKenzie
Founded in 1949, Baker & McKenzie advises many of the world's most dynamic and successful business organizations through more than 11,000 people in 77 offices in 47 countries. The Firm is known for its global perspective, deep understanding of the local language and culture of business, uncompromising commitment to excellence, and world-class fluency in its client service. Global revenues for the fiscal year ended 30 June 2015, were US$2.43 billion. Eduardo Leite is Chairman of the Executive Committee. ( www.bakermckenzie.com)
About Cargill in Turkey
Cargill has been active in Turkey since 1960 through a local partnership agreement and commenced trading as Cargill in 1986. The company has more than 400 employees in six locations in Turkey - in Istanbul, Bursa, Balıkesir, Izmit, Adana and Ankara. The Cargill Turkey head office, which opened in 1992, is located in Istanbul. Cargill operates in four major sectors – food, finance, grain & oilseeds and industrial & bio-industrial products. Visit www.cargill.com.tr
About Ekol Gida
Established in 1998, Ekol Gida is a leading marketer of premixes and feed additives in Turkey. Ekol Gida's founders have extensive experience in the feed industry, contributing to the development of the concept of premix in Turkey. With its head office in Istanbul, Ekol Gida also has sales representatives located in Istanbul, Ankara, Adana, Izmir and Afyon, and is present in a number of regional markets, including: the Turkish Republic of Northern Cyprus, Azerbaijan, Georgia, Iraq and Iran. www.ekolgida.com
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