In recent years, Türkiye has been running a substantial privatization program, witnessing significant projects that have greatly impacted major sectors such as energy, banking and finance, media and telecommunication, transportation, and the defense industry. These privatizations have used various methods, including share transfer, asset transfer, leasing, granting operational rights, and other profit-sharing models.
GSI has gained unique experience in these processes by participating on both sides of the table in various cases, providing us with insight into the privatization strategies of governmental authorities and the expectations of sector players. We have represented our clients at every stage of privatization. This includes preparing due diligence reports, conducting on-site investigations and research at registry offices and local courts, assisting in negotiations with governmental authorities, preparing information memoranda, and assisting with tender specifications. We also review and prepare data room documentation, assist tendering governmental authorities such as the Savings Deposit Insurance Fund, Privatization Administration, and municipalities, and support clients in their applications to the Competition Authority, Capital Markets Board, Energy Market Regulatory Authority, Banking Regulation and Supervision Agency, and in preparing other tender documents.
GSI has represented leading clients in almost all privatization cases of state-owned electricity distribution companies in recent years. We are currently the sole advisor to the Istanbul Metropolitan Municipality in the privatization of one of Türkiye’s largest natural gas distribution companies.