Cakmak has advised the EBRD on its EUR 25 million financing to Sabanici Holding subsidiary Cimsa. Baker McKenzie's Turkish affiliate Esin Attorney Partnership advised Cimsa.
According to Cakmak, the transaction aims to "support Cimsa’s solar power plant and waste heat recovery investments as well as other energy efficiency investments in connection with its cement factory located at Eskisehir, Turkiye."
"As Cimsa, we are determined to advance our sustainability goals and take important steps in our energy efficiency and decarbonization efforts," said CEO Umut Zenar. "This collaboration with the EBRD represents a significant milestone in our journey towards a greener future.”
The Cakmak team included Partners Devrim Ergun and Gokhan Okan, Counsels Asli Pabuccuoglu and Basak Ayik, and Associates Yigit Anil Tarman and Pinar Bolukbasioglu.
The Esin team included Partner Muhsin Keskin and Associate Seray Karaalp.
