Siniora Completes Acquisition of Polonez's Remaining Stake
Deal News | Jun 27, 2025 | CEE Legal Matters
Paksoy has advised Siniora Food Industries Company on its acquisition of the remaining shares in Turkish processed meat producer Polonez, securing full ownership. This follows Paksoy’s previous involvement in assisting Siniora with its initial 77% stake acquisition in 2021. The legal team from Paksoy was composed of Partner Nihan Bacanak, Senior Associate Pnar Babaoglu, and Associates Sabahattin Oztemiz and Tuna Citir.
Sectors
- Food and Beverage
- Legal Services
Geography
- Turkey – Polonez, the company being fully acquired, is a Turkish processed meat producer.
Industry
- Food and Beverage – The article involves Siniora Food Industries and Polonez, both companies operating in the processed meat industry, highlighting the food and beverage sector.
- Legal Services – The involvement of Paksoy, a legal firm advising on the transaction, highlights the role of legal services in facilitating M&A activities.
Financials
- Not disclosed – The amount for the acquisition of the remaining shares was not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Siniora Food Industries Company | Buyer | Company | Siniora is a company involved in the food industry, primarily engaged in producing processed meats. |
| Polonez | Target Company | Company | Polonez is a Turkish company that produces processed meats. |
| Paksoy | Legal Advisor | Company | A legal advisory firm that advised Siniora on the acquisition of the remaining shares in Polonez. |