Dentons advised European Bank for Reconstruction and Development (EBRD) on its subscription of an approximately 33% stake in Protection SARL, a Luxembourg entity that is the majority shareholder of the operating company Elba Bant Sanayii ve Ticaret A.Ş. (“Elbant”), one of the largest industrial enterprises in Turkey.
Established in 1959, Elbant is a producer of a range of duct tape, protection film, masking tape and double sided tape exported to over 40 countries worldwide.
Dentons’ Corporate partners Nadia Cansun (Istanbul) and Namik Ramic (Luxembourg) led the transaction together with senior associate Clémence Personne and associate Mebru Bagdadioglu, as well as associates Mert Buberoğlu and Ahsen Melda Arabacı from Balcıoğlu Selçuk Ardıyok Keki Attorney Partnership.
