Full speed ahead
The Deal The European Bank for Reconstruction and Development (EBRD) is investing in a minority stake of the Turkish port operator Global Ports Holding (GPH) in a move to boost the company’s operations. IEG - Global acted as exclusive financial advisor to Global Ports Holding.
The Client Global Liman İşletmeleri A.Ş. (Global Ports Holding or GPH) is the world's largest cruise port operator with a diversified portfolio of cruise and commercial ports in Turkey and the Mediterranean region. It has operations in 8 ports in 5 countries, including Antalya, Kusadasi and Bodrum in Turkey; Barcelona and Malaga in Spain; Lisbon, Portugal; Bar, Montenegro as well as Singapore.
The Perspective In the press release Sue Barrett, EBRD Director for Transport, states: “We are pleased to provide an important funding boost to Global Ports as it seeks to expand and broaden its horizons along the Mediterranean before a landmark listing.”
For further information about this transaction, please read here:
