The European Bank for Reconstruction and Development agreed to acquire 15.4% stake in Pasabahce Cam Sanayii Ve Ticaret A.S. from Trakya Cam Sanayii AS (IBSE:TRKCM), Anadolu Cam Sanayii AS (IBSE:ANACM) and Soda Sanayii AS (IBSE:SODA) for approximately €130 million on October 23, 2014. Under the terms of the transaction, Trakya Cam Sanayi sold 14.3 million shares for €53.57 million, Anadolu Cam sold 9.5 million shares for €35.72 million, and Soda Sanayi sold 9.5 million shares in Pasabahce for €35.71 million. The proceeds of the financing will be used by Sisecam towards its investment needs in 2014-2016 in the countries where the EBRD invests. Itir Sevim-Ciftci, Deniz Gocuk and Asli Kumbaraci of Yegin Çiftçi Attorney Partnership and Alex Cook of Clifford Chance LLP acted as legal advisors for EBRD. Ercument Erdem and Ozgur Kocabasoglu of Erdem & Erdem acted as legal advisor for Pasabahce.

The European Bank for Reconstruction and Development completed the acquisition of 15.4% stake in Pasabahce Cam Sanayii Ve Ticaret A.S. from Trakya Cam Sanayii AS (IBSE:TRKCM), Anadolu Cam Sanayii AS (IBSE:ANACM) and Soda Sanayii AS (IBSE:SODA) on November 10, 2014.