EuropePorts and Logistics
Australian fund manager buys into Turkish port
Turkey’s Akfen Holding has transferred its 40% stake in Mersin International Port to IFM Investors, an Australian infrastructure fund management company in a deal worth $869m.
Afken and Singapore’s PSA International were handed a 36-year contract to operate the Turkish Mediterranean port in 2007. The port today handles around 1.6m teu a year.
After the deal, Afken is left with just a 10% stake in Mersin.