Dow, one of the world’s leading materials science companies, announced on 2 June 2025 that it has signed an agreement to sell its 50% stake in DowAksa Advanced Composites Holdings BV (DowAksa) to Aksa Akrilik Kimya Sanayii A.Ş., a company of Akkök Holding, for USD 125 million. DowAksa, a Dutch joint venture formed between Dow and Aksa in 2012, owns Turkey’s only carbon fibre manufacturer, offering advanced carbon fibre composites solutions to the Aerospace and Defence sectors. The transaction is subject to customary regulatory approvals.
Paksoy is pleased to announce that a team led by partner Stéphanie Beghe Sönmez, along with senior associates Pınar Babaoğlu and Mete Siber, acted as Turkish counsel to Dow on this transaction, with King & Spalding serving as global counsel. Paksoy competition partner Togan Turan and associate İrem Uysal are handling the merger clearance.