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Yilport Holding adds Tertir to its portfolio

Yilport Holding adds Tertir to its portfolio
Yilport Holding, a subsidiary of Turkish group YILDIRIM, has announced completion of its acquisition of Portuguese terminal operator Tertir, adding a further 10 international ports to its fleet.

The deal, worth €300m, was struck between Yilport Hlding and Tertir’s shareholders, Mota-Engil Group and Novo Banco, and also includes Transitex, a forwarding and logistics company.

Robert Yuksel, president and CEO of YILDIRM Holding, said: “We are happy to welcome 10 new ports into the Yilport portfolio. After the integration, the total number of Yilport terminals will reach 20 in seven countries globally.”
Yilport add ports in Portugal, Spain and Peru to its existing container terminals in Turkey, Sweden, Norway and Malta, bringing the company’s total annual container handling capacity to 10m teus and its dry bulk handling capacity to 22m teus.

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