Italians invest in Turkey’s ports

Posted on 27 July 2011

27 July 2011 – Palladio Finanziaria, an Italian private equity group has, through its subsidiary,  purchased a 22 percent equity stake in Global Ports Holding for over 77 Million USD which is set to rise to 25 percent within the next 3 years. Turkey’s Global Ports operates three ports, two on the Turkey’s Aegean coast and one on the Mediterranean coast. Bodrum (Cruise Port) for ferry, cruise ships and mega yacht; Kusadasi (Ege Ports) for ferry and cruise ships on the Aegean coast and Antalya  (Port Akdeniz), for mainly commercial shipping on Turkey’s southern coast, one of the major ports in the Eastern Mediterranean region. Gianandrea Rizzier, the General Manager of Palladio Finanziaria’s subsidiary, VEI Capital SPA, is quoted as saying their first investment in Turkey shows “Turkey’s rapidly growing and unique investment opportunities”.  Source: Invest in Turkey

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