Turkey’s Yilport Holding aims to buy one or two terminals per year to achieve its goal of becoming one of the world’s 10 largest port players, says its parent Yidirim Group’s president and chief executive Robert Yuksel Yildirim.
The company, which currently operates 21 terminals across the world, is beefing up its war chest.
Up to $1bn in acquisition cash is expected to flow in by the end of this year through a preferred equity sale to selected long-term investors, Yildirim tells TradeWinds.
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