PRIVATIZATION IN TURKEY

When it comes to "Privatization in Turkey", we are talking about a comprehensive and a radical programme. 15 years ago, it was just a controversial idea. Now, it is a national policy implemented by every government an supported by public opinion. Total income from privatization implementations over US $ 10 billion. Every step brings us closer to a stronger and more competitive economy. That's why, we call it very important privatization.

Turkey, one of the fastest growing economies of the world has positioned itself as an attractive and promising investment environment through the implementation free trade principles and establishment of dynamic capital markets as well as offering liberal incentives facilitating transactions for international investors and exporters.

Parallel to the Government of Turkey’s policies aiming for increased economic efficiency and competitiveness in public sectors and in keeping with the growth in size in privatisation of state-owned Turkish entities, Alcan’s practice has evolved accordingly. Our corporate and M&A team advises international investors, financial advisers and Turkish government agencies on major privatisation projects in Turkey including petrochemicals, steel, telecommunications, energy, refinery, tobacco and banking.

• Advice on laws and regulations, including without limitation, the Banks Act and its relevant legislation, from a Turkish law perspective;

• Drafting, reviewing, negotiating and finalizing agreements and documents related to your company Merger & Acquisitions project from a legal perspective; and

• Providing legal assistance and advice on various legal matters.