Yildirim Holding has decided to sell its 24% stake in CMA CGM as it presses ahead with a plan to acquire Ports America Holdings.
Robert Yuksel Yildirim, chairman of Yildirim, said in an interview with Bloomberg that he mandated China Citi Bank to find investors from Asia or the Persian Gulf.
Yildirim became a shareholder in CMA CGM between 2010 and 2011, when he invested $600m in the French boxship owner.
