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Baker McKenzie and Esin Advise on Financing for Qazaq Soda

Baker McKenzie and Esin Advise on Financing for Qazaq Soda

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Baker McKenzie and its Esin Attorney Partnership affiliate have advised a club of banks including ING Bank, ING Bank Singapore, Bank of China Limited Beijing, the Development Bank of Kazakhstan, Halyk Bank, and AB Bank of China Kazakhstan on the USD 286 million financing of the development a soda ash production facility by the Yildirim Group in Kazakhstan. Morgan Lewis & Bockius reportedly advised the Yildirim Group.

According to Esin, “the lenders have signed three facility agreements worth a total of USD 286 million with Qazaq Soda Limited Liability Partnership as the borrower and Yildirim Holding and Eti Krom as guarantors.”

CEE Legal Matters reported on the establishment of the Qazaq Soda plant back on November 21, 2021. 

The Esin Attorney Partnership team included Partner Muhsin Keskin, Senior Associate Zeki Nizam Cebe, and Associates Oyku Ruya Turkogullari and Serap Suer.

The Baker McKenzie team included lawyers from Frankfurt, London, Amsterdam, and Almaty.

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