Yilport Holding, part of Turkey’s Yildirim Group, has agreed with Portugal’s Mota-Engil Group and Novo Banco to acquire 100% of the shares of Portuguese port management company, TERTIR.
The €335m (US$374m) deal includes Tertir’s portfolio of port terminals and forwarder/support services businesses located across Europe and Latin America.
Tertir’s portfolio comprises eight container terminals with a combined annual handling capacity of 2.7m teu. Overall, it operates ten port terminals: seven of which are in Portugal, two in Spain and one in Peru.
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