Dow's $125 Million Stake Sale in DowAksa to Aksa Akrilik
Deal News | Jun 10, 2025 | CEE Legal Matters
Paksoy and Addleshaw Goddard have advised on Dow's sale of its 50% stake in DowAksa Advanced Composites Holdings for USD 125 million to Aksa Akrilik Kimya Sanayii, a subsidiary of Akkok Holding. The deal awaits regulatory approval. DowAksa, a Dutch joint venture, owns Turkey’s only carbon fiber manufacturer, serving sectors like aerospace and defense. The legal advisory teams were led by Paksoy Partners Stephanie Beghe Sonmez and Togan Turan, and Addleshaw Goddard's Partner Daniel Cousens.
Sectors
- Chemical Manufacturing
- Aerospace and Defense
Geography
- Turkey – DowAksa's manufacturing is based in Turkey, and Aksa Akrilik operates as a Turkish chemical company.
- Netherlands – DowAksa is a Dutch joint venture, highlighting its corporate structure.
Industry
- Chemical Manufacturing – Both Dow and Aksa Akrilik are involved in the chemical industry, focusing on composite materials and chemical products respectively.
- Aerospace and Defense – DowAksa supplies advanced carbon fiber composite solutions to the aerospace and defense sectors.
Financials
- USD 125 million – The sale price for Dow's 50% stake in DowAksa.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dow | Seller | Company | A global chemical corporation selling its stake in DowAksa. |
| Aksa Akrilik Kimya Sanayii | Buyer | Company | A Turkish chemical company and subsidiary of Akkok Holding acquiring Dow’s stake. |
| DowAksa Advanced Composites Holdings | Target company | Company | A joint venture between Dow and Aksa, focusing on carbon fiber manufacturing. |
| Paksoy | Legal advisor to Seller | Company | A law firm advising Dow in the transaction. |
| Addleshaw Goddard | Legal advisor to Buyer | Company | A law firm advising Aksa Akrilik. |
| King & Spalding | Legal advisor to Seller | Company | A law firm collaborating with Paksoy for Dow's legal advisory. |