Posted on 14 February 2011
Major US company sets sail for Turkey.
U.S. specialist buyout firm Kohlberg, Kravis & Roberts (KKR) is considering making its first venture into Turkey, via a major acquisition in the country’s shipping industry. It’s not hard to see what KKR finds attractive about such a deal. Turkey sits at the cross-roads of Europe and Asia, and has access to both the Black Sea and the Mediterranean. To take advantage of its location the nation has put the shipping sector at the heart of its development plans.
Source : Forbes Magazine London 5 September 07