Metair Investments on its disposal of Turkish Mutlu Group: the advisors

Linklaters has advised Metair Investments, a South African investment holding company, on entering into an agreement to dispose of its Turkish business, the Mutlu Group, to Quexco Incorporated for US$110 million, subject to customary adjustments. Taboglu Attorneys advised on Turkish law and Linklaters alliance partner Webber Wentzel advised on South African law.

The Mutlu Group manufactures and trades energy storage products and solutions and is one of the largest automotive battery manufacturers in Türkiye.

Taboglu Attorneys’ team

Partner Esin Taboglu (pictured left) and Sena Karadayi (senior associate) advised the sellers.

Linklaters’ team

The Linklaters team was led by Warsaw-based corporate partner and Türkiye Group co-head Daniel Cousens (pictured right) and Düsseldorf-based managing associate Mikhail Fufaev. They were supported by associate Nikolay Altukhov, based in Düsseldorf, and the Linklaters London tax team, led by partner Chris Smale and associate Philip Gilliland.

This strategic divestment is driven by Metair’s planned global streamlining of its business operations. The sale proceeds will enable Metair to significantly reduce debt and optimise the capital structure of its South African subsidiaries. Additionally, this move allows Metair to focus on its core automotive component manufacturing business in Sub-Saharan Africa.

benedetta.miarelli@lcpublishinggroup.com

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