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Zenium Completes Sale of Turkish Business
- Client News
- October 6, 2017
Paul, Weiss represented Soros Fund Management and its portfolio company Zenium Holdings Limited in the sale of Zenium’s data center business in Istanbul, Turkey to an affiliate of Equinix, Inc. The $93 million all-cash transaction is subject to certain agreed purchase price adjustments. With the sale of the Turkey business, Zenium plans to focus on their existing data center businesses in Western Europe, including the UK and Germany. The sale was signed and closed on October 6.
The Paul, Weiss team included corporate partner Bruce Gutenplan and counsel David Harris; and tax partner David Sicular.