The Press Coverage of TERTIR Deal Closure
The completion of TERTIR acquisition on 19th of February had an extensive coverage on the press subsequent to Mota Engil and Yildirim's simultaneous press releases. Here are some of the global and local news:
Yilport adds ten through Tertir purchase / Port Strategy
Yilport Holding, a subsidiary of Turkish group YILDIRIM, has announced completion of its acquisition of Portuguese terminal operator Tertir, adding a further 10 international ports to its fleet.
The deal, worth €300m, was struck between Yilport Holding and Tertir’s shareholders, Mota-Engil Group and Novo Banco, and also includes Transitex, a forwarding and logistics company.
Robert Yuksel, president and CEO of YILDIRM Holding, said: “We are happy to welcome 10 new ports into the Yilport portfolio. After the integration, the total number of Yilport terminals will reach 20 in seven countries globally.”
Yilport add ports in Portugal, Spain and Peru to its existing container terminals in Turkey, Sweden, Norway and Malta, bringing the company’s total annual container handling capacity to 10m teus and its dry bulk handling capacity to 22m teus.
- See more at: http://www.portstrategy.com/news101/world/europe/yilport-adds-ten-through-tertir-purchase#sthash.lbljzrr5.dpuf
Turkey's Yilport closes Portugal port group acquisition / Journal of Commerce
Yilport Holding has finalized the acquisition of Tertir, a Portugal-based port and logistics group with container and bulk terminals in Europe and South America.
The Turkish port operator agreed in September to pay 335 million euros ($368.5 million) for 100 percent of Tertir’s stock held by domestic shareholders Mota-Engil group and Novo Banco.
The acquisition adds 10 terminals to Yilport’s fast expanding global portfolio — seven in Portugal, two in Spain and one in Peru — with a combined annual container capacity of 2.7 million 20-foot-equivalent units and around 4.5 million tonnes (4.96 million tons) of break bulk and grain handling capacity.
The deal increases Yilport’s network to 20 terminals in seven countries — including facilities in Turkey, Sweden, Norway and Malta — with an annual container capacity of 10 million TEUs and a dry bulk capacity of 22 million tonnes.
Yilport is a unit of the privately-held Yildirim Group, a broadly based industrial and transport conglomerate, which has a 24 percent stake in France’s CMA CGM, the world’s third-largest ocean carrier.
Yilport seals $330m deal for Tertir / Tradewinds
Yildirim Holding’s subsidiary puts pen to paper for the takeover of 10 terminals in Portugal, Spain and Peru. http://www.tradewindsnews.com/finance/386320/yilport-seals-usd-330m-deal-for-tertir
TR - Tertir'a bağlı 10 liman Yılport bünyesine katıldı/ Deniz Haber
TR-Yılport Holding Portföyüne 10 Uluslararası Liman Daha Ekledi/ Deniz Haber
TR- Yılport tek imzayla 10 liman satın aldı/ Vatan Gazetesi
PT- Ricciardi diz que venda da Mota-Engil à Yildirim foi equilibrada / Correiro da Manha
Ler mais em: http://www.cmjornal.xl.pt/cm_ao_minuto/detalhe/negocio_entre_mota_engil_e_grupo_turco_mostra_que_ha_interesse_por_portugal___ricciardi.html
PT- Haitong apoia Novo Banco e Mota Engil na venda da Tertir / Economico
PT- Mota-Engil fecha venda de negócios a grupo turco por menos 30 milhões / Economia Ao Minuto
PT- Mota-Engil anuncia conclusão do processo de venda dos negócios portuário e logístico /Dinheiro Digital