Global Ports Holding increases its stake in Port of Barcelona to 43%
30 December 2013
Global Ports Holding (GPH) has acquired additional 20% of Creuers del Port de Barcelona, S.A. (Creuers) through Barcelona Port Investments (BPI) in partnership with Royal Caribbean Cruises Ltd.
On November 11, 2013, GPH, a 100% subsidiary of Global Yatırım Holding (GYH), announced the acquisition of 23% of Creuers through BPI in partnership with Royal Caribbean Cruises Ltd., one the world’s leading cruise operators. Creuers operates Europe’s largest cruise port, the Port of Barcelona with a passenger capacity of 1.8mn, and is the majority shareholder of the Malaga Cruise Port and the minority shareholder of the Singapore Cruise Port.
On December 30, 2013, GPH acquired additional 20% of Creuers shares through BPI, and thus increased its holding to 43% of Creuers.
Mr. Narin, the CEO of GPH, indicated that the shipping industry entered a new era with the addition of the Port of Barcelona into the GPH portfolio. Having focused on organic growth and consolidation of its existing ports for the past three years, GPH was ready to press the button to become one of the leading commercial port operators regionally and the number one cruise operator globally. In that vein, GPH completed the acquisition of 62% of the Port of Bar in Montenegro. And now, with the acquisition of the Ports of Barcelona, Malaga and Singapore, the total passenger traffic of GPH has reached 3.5mn.
About GYH
Global Yatırım Holding A.Ş. (GYH) was regrouped as a holding company in October 2004 to hold a diversified portfolio of investments in a number of businesses, including infrastructure, real estate, energy, and financial services. GYH is listed on Borsa Istanbul (as GLYHO.IS) and utilizes its experience in the finance sector for industrial business opportunities.
About GPH
Global Ports Holding (Global Ports) has been established to utilize commercial and cruise port opportunities in Turkey and the Mediterranean area. Global Ports is a unique port group and operator in Turkey, currently managing three leading cruise and commercial ports. Since 2003, the Global Ports has developed a portfolio of strategically located ports in Turkey, each providing exceptional hinterland access with strong market demand fundamentals. Global Port is also the largest port operator with 50% of the Turkish cruise port market on the basis of number of cruise passengers received in 2012.
