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World Maritime Newes: An agreement to purchase Kumport has been signed at the recent G20 summit

25 November 2015
An agreement to purchase Kumport has been signed at the recent G20 summit in Ankara in the presence of China’s President Xi Jinping and Turkey’s President Recep Tayyip Erdoğan. In September 2015, VTB Capital was named as financial advisor to China Merchants Holdings (International) who with consortium partners COSCO and CIC has announced the acquisition of a 65% stake in Kumport, a modern container terminal located on the European side of Istanbul, Turkey. The deal is the largest foreign investment from China into Turkey and the largest majority acquisition in Turkey in 2015.

http://worldmaritimenews.com/archives/176678/chinese-jv-inks-kumport-terminal-purchase-deal/

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