Global, Grandall, and Clifford Chance advise Chinese consortium on Turkey infrastructure project

Global Law Office, Grandall Law Firm and Clifford Chance have advised a Chinese consortium led by China Merchants Expressway on its $688 million purchase of 51 percent stake in Turkish infrastructure company ICA, aiming at the third Bosphorus bridge and North Marmara Motorway project.

According to Global Law Office, the transaction amount exceeds $688 million, which represents the largest infrastructure M&A transaction in Turkey and the largest cross-border investment by China-based investors in Turkey to date.

The Global team was led by partners Jinrong Liu, Wei Qin and Shifang Guo. The Grandall team was led by partners Xiangming Liu, Zhong Wang and Chen Zhao.