Operating globally in all areas of the glass industry, including flat glass, glassware and glass packaging, Şişecam acquired the European Bank for Reconstruction and Development's (EBRD) 10% shares in Şişecam Çevre Sistemleri. As a result, Şişecam became the sole shareholder of Şişecam Environmental Systems, which Şişecam established with the EBRD in 2016 to support the industrialization of the glass waste collection and recycling sector in Turkiye. The transaction was completed on 24 April 2023.
Erdem & Erdem Law Office is proud to have represented Şişecam in the acquisition of EBRD's shares in Şişecam Çevre Sistemleri. Erdem & Erdem team provided legal advice starting from contract negotiations at the beginning of the project and including the company incorporation procedures. Further, through the years, Erdem & Erdem team provided legal assistance in relation to the glass recycling project in terms of contractual rights, obligations and remedies and successfully drafted the immovable and movable sale agreements for the project.
Şişecam Çevre Sistemleri A.Ş., has greatly supported the industrialization of the glass waste collection and recycling sector in Türkiye over the past 7 years since 2016.