Global Holding Ports announces the start of a strategic review of the group that it could lead to cessions



The Turkish terminalista enterprise Global Holding Ports (GPH) has announced today the decision to start a strategic review of the group, that it will be got ahead with the assistance of Goldman Sachs International, review - it has specified the company - that opportunity will be realized to light of the increasing that characterizes own activities in the segment of the cruises, field that constitutes Core business of the group. "The scope of the strategic review - it has specified GPH - is that to explore modality in order to maximize the value for all the shareholders and includes a range of potential business activities, included the sale of some assets so as strategic investments and partnership".

The Turkish group has specified that the review process is to a preliminary phase, but has announced to have received "a series of preliminary offers for some assets that currently are in phase of appraisal".

Global Holding Ports is one of the main world-wide terminalisti in the section of the cruises and manages marine stations in various head physicians carries of the Mediterranean, the Caribbean and Asia. In the Mediterranean the crocieristiche activities, carried out through management directed by branches of the group or through shareholdings, are centralized in Turkey in the ports of Antalya, Ege and Bodrum, in Spain through the Barcelona Cruise Port Creuers Terminals (of which it stops 62.0% of the capital) and the Málaga Cruise Port (49.6%), in Italy where it stops 70.9% of Cagliari Cruise Port, 62.2% of Catania Cruise Port, 53.7% of Ravenna Cruise Port and to Venice through a participation of 11.1% in Venice Passenger terminal (VTP), to Malta with 55.6% of TV assistant Cruise Port, in Croatia where it stops the entire one vital of Zadar Cruise Port and in Montenegro with 63.8% of Bar Cruise Port, to which it is adds in Portugal 46.2% of Lisbon Cruise Port. Moreover GPH is present in the Caribbean through the management of the crocieristico traffic in the Cuban port de the Havana and in Asia through a participation pairs to 24.8% in Singapore Cruise Port.

In order to rationalize the management of these crocieristiche activities Global Holding Ports it has decided moreover to reorganize the operations under a new regional structure that will see the nomination of regional directors for the Mediterranean oriental, for the western Mediterranean and the Americas. In particular, Javier Rodriquez, current general manager of the crocieristica station of Barcelona, will be named regional director West Med, charge to which will be under responsibility the activities in the ports of Barcelona, Malaga, Lisbon and Singapore; Aziz Gungor, current general manager of Ege Port-Kusadasi, will be named director regional East Med, and sovraintenderà to the activities in the ports of Ege, Bodrum, Antalya, Zara and Bar; Stephen Xuereb, that he is the general manager of group GPH, will be named regional director Central Med and will guide the activities in the ports of the TV assistant, Cagliari, Catania and Ravenna; at last Michael Maura Junior, that recently he has entered to take part of the Turkish group, will be named regional director Americas. It is Rodriquez is Gungor that Maura will report to the general manager Xuereb.