Akdeniz, Mersin

Completes the sale of Port Akdeniz, creating a pure-play cruise operator

Retrieved on: 
Tuesday, January 26, 2021

Completes the sale of Port Akdeniz, creating a pure-play cruise operator

Key Points: 
  • Completes the sale of Port Akdeniz, creating a pure-play cruise operator
    Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • Completes the sale of Port Akdeniz, creating a pure-play cruise operator
    Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent cruise port operator, is pleased to announce that further to the announcement of 21 October 2020, all conditions precedent to the sale of Ortadou Antalya Liman Iletmeleri ("Port Akdeniz") to QTerminals W.L.L.
  • The GPH Board and senior management will now focus time and resources on the restart of cruise port operations during 2021 and continued expansion in the global cruise port market.
  • The sale of Port Akdeniz effectively completes a key strategic ambition of the Group, creating a pure play cruise port operator.

Signs sale and purchase agreement to sell Port Akdeniz

Retrieved on: 
Wednesday, October 21, 2020

Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent cruise port operator, is pleased to announce that following a period of exclusive negotiations it has entered into a conditional sale and purchase agreement to sell Ortadou Antalya Liman Iletmeleri ("Port Akdeniz") to QTerminals W.L.L.

Key Points: 
  • Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent cruise port operator, is pleased to announce that following a period of exclusive negotiations it has entered into a conditional sale and purchase agreement to sell Ortadou Antalya Liman Iletmeleri ("Port Akdeniz") to QTerminals W.L.L.
  • Port Akdeniz, the Group's largest commercial port concession, operates Port Akdeniz-Antalya in Turkey, under a concession agreement which runs until August 2028.
  • This conditional agreement follows the Strategic Review announced by the board on the 5 July 2019 and GPH's announcement on the 11 March 2020 that it had entered into exclusive negotiations over the sale of Port Akdeniz.
  • However, as GPH continues to pursue growth in the exciting cruise port market, it is now time for the stewardship of Port Akdeniz to pass to an organisation that is primarily focused on the Commercial port market.

A US$ 500 million giant merger in the field of PVC stabilizers: OYAK merged Akdeniz Kimya and Chemson, and became the largest in the industry

Retrieved on: 
Thursday, October 8, 2020
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20201008005498/en/
    OYAK General Manager Sleyman Sava Erdem: We consider the pandemic process as a period of determination for OYAK.
  • We have become the worlds largest PVC stabilizer company by merging Akdeniz Kimya, the market leader in Turkey, with Chemson, which operates on five continents.
  • Akdeniz Kimya, operating under Akdeniz Kimya, and the Austrian Chemson, one of the world's leading PVC stabilizer manufacturers, which OYAK acquired in 2013, joined forces under the brand Akdeniz Chemson.
  • Following this merger, Akdeniz Chemson became the worlds largest company in the field of PVC stabilizers.