Yildirim Holding plan large-scale investments in acquisition of port assets in USA

Yildirim HoldingThe Turkish company Yildirim Holding AS plan large-scale investments in the acquisition of port assets in North and South America. The company intents to invest 5 billion USD in acquisition of port facilities and terminals. Among the points of interests for the Turkish holding are terminals Ports America Holdings, as well as some ports in Latin America, especially in Ecuador. The holding is already in talks with Canadian pension funds and US investment funds about a possible partnership in the purchase of ports in USA. Yildirim Holding shifted its interest from Africa to USA, after suspended some projects due to sharp fall in commodities prices.

“We intent to invest in acquisition of terminals Ports America Holdings in USA and some ports in Ecuador”, said the General Director of Yildirim Holding AS, Robert Yildirim. “We want to invest 5 billion USD in acquisition and development of port facilities and anothe 5 billion USD in construction of power plants in Turkey”, added he holding director.

In September 2015, the port operator in the structure of Yildirim Holding bought for 335 million EUR the Portuguese terminal and logistics operator TERTIR, managing 10 port terminals and logistics and service business in Europe and Latin America. The aggregate turnover of terminals running Yilport currently stands at 10 million TEU. And by 2025, the group intends to enter the ten largest terminal operators in the world.