Date: July 2014
In a year that marked major privatisation activity, Pekin & Pekin’s Corporate and M&A team, led by Kemal Serdengeçti, advised on one of the most important privatisation deals of 2014. Senior Associate Yegân Liaje spearheaded the effort with other members of the Corporate and M&A team which saw Net Şans-Hitay Ortak Girişim Grubu, a consortium consisting of Net Şans Oyunları Yatırım A.Ş. – a subsidiary of Net Holding, and Hitay Yatırım Holding A.Ş. awarded an exclusive license to operate the national lottery for a fixed term of ten (10) years. The 2.755 billion USD + VAT winning bid adds to the year to date total of privatizations of nearly 10 billion USD awarded by the government. The consortium expects to bring new efficiencies and technologies to the service, particularly over internet and mobile platforms.