Independent journal on economy and transport policy
06:23 GMT+1
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the Turkish group Yildirim tries again to sell 24% of the capital of CMA CGM
the proceeds of the cession would be employed in order to buy the American Ports America
July 6, 2017
The Turkish group Yildirim has newly announced the intention to yield own participation in CMA CGM, that it is pairs to 24% of the capital stock of the French shipowning group, quota that the Turkish company has acquired between 2011 and 2012 ( on November 26, 2010, 2816January 2011 and October 2012).
In an interview to agency "Bloomberg", the president of the Turkish group, Yuksel Yildirim, has confirmed that Yildirim is on the lookout for purchasers for own participation, sale that will be carried out in the within of the project of the Turkish group in order to buy the terminalista society American Ports America. Acquisition, this last one, that he would happen through own terminalista society Holding Yilport that currently manages 20 harbour terminals in Ecuador, Malta, Norway, Portugal, Peru, Turkey and Sweden and six inland terminal in Turkey and Sweden.
In the 2015 Turkish group it had tried without success to sell own quota to the other shareholders of CMA CGM.
Yuksel Yildirim has specified that he is given sent China Citik Bank Corporation to find investor of Asia or the Persian Gulf disposed to acquire 24% of CMA CGM. Moreover the president of the group has specified that the value of the quota is estimated between 2,5 and three billions of dollars, quota that Yildirim had acquired for 600 million dollars, and that the Turkish group could be unravelled of the entire participation for or maintaining a share quota smaller in CMA CGM.
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The Turkish group Yildirim has newly announced the intention to yield own participation in CMA CGM, that it is pairs to 24% of the capital stock of the French shipowning group, quota that the Turkish company has acquired between 2011 and 2012 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
