Goldman Sachs $1.3 billion acquisition of Socar Turkey Enerji

24/8/2015

Public acquisition

Value:

$ 1.3 billion

Status:

Completed

Date:

24/8/2015

Overview:

Goldman Sachs has acquired 13% of the shares of STEAS (SOCAR Turkey Enerji) for $1.3 billion.
STEAS will use the proceeds from this transaction to fund infrastructure projects like the Star Refinery.
Goldman Sachs also entered put option agreements (for six years) with STEAS and Sermaye Investments.
Legacy firm Chadbourne & Parke advised SOCAR.

Rani Mehta - Journalist

Jurisdictions:

Azerbaijan
Türkiye

Deal type:

Public acquisition

Practice area:

M&A

Governing laws:

England and Wales
Azerbaijan

Industry sector:

Energy

Firms:

Clifford Chance

Party: Goldman Sachs (Acquirer)

Dentons

Party: Goldman Sachs (Acquirer)

Lawyer: James Hogan

Harney Westwood & Riegels

Party: SOCAR (Seller)

Lawyers: Colin Riegels, Tanya Cassie-Parker

Ogier

Party: Goldman Sachs (Acquirer)

Lawyer: Ray Wearmouth

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