8/1/2017
Akfen Holding Sold 40% Shares of Mersin Port to Australian IFM Investors
Akfen Holding has transferred 40% share of 50% of Mersin Port to IFM Investors, Australian investment fund management company, on USD 869 million
Akfen Holding has transferred 40% shares of Mersin International Port to IFM Investors, Australian investment fund management company. Afken Holding, having 50% share of Mersin Port before the sale, will secure USD 869 million from 40% share sale. Having transferred 33% of Akfen Yenilenebilir Enerji to EBRD and IFC in 2017, 8.1% shares in TAV Havalimanları Holding to France centered Aéroports de Paris, Akfen Holding has succeeded to attract another foreign giant investment to Turkey and signed a share transfer agreement on TL 869 million for transferring 40% of 50% share in Mersin International Port to Australian infrastructure fund, IFM Investors. By the sale realized by Akfen Holding, the cost of entire Mersin Port was set as USD 2 billion 172 million 500 thousand. Akfen Holding Executive Board Chairman Hamdi Akın Akfen Holding Executive Board Chairman Hamdi Akın said that subject income would be used for investment projects of TL 6.9 billion and went on, "By taking foreign partners to investments we made in Turkey, we try to secure fresh foreign currency inflow into country by bloc share sales. Such share exports have to be considered most valuable export items. This share export to make or companies immortal is the indication of trust on Turkey economy". Holding will secure about USD 869 million cash inflow to Turkey in return to share export, will use this for the investment package to be realized in Turkey on TL 6 billion 935 million. Two most important legs of package, creating total 1,380 employment, are Isparta, Eskişehir and Tekirdağ city hospitals on TL 3.9 billion and renewable energy projects of TL 2 billion 250 million. Akın will maintain his position as "Mersin International Port Executive Board Chairman" on the basis of remaining 10% share, in line with the agreement. Other partner of Akfen Holding of Mersin Port is PSA Group on 50% share. As it might be recalled, in 2007, Mersin Port's operation right was transferred through privatization for 36 years to Mersin Uluslararası Liman İşletmeciliği A.Ş. founded by Akfen Holding A.Ş and PSA International Pte Ltd. (PSAI) Joint Venture Group TEBA:May 21, 2007. Akfen Holding-PSA International Pte Ltd. (PSAI) Joint Venture Group had inaugurated Mersin Port Eastern Mediterranean Terminal within the coverage of Port Expansion investment in December 2016 TEBA:1794/ December 16, 2016.
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