Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.
Turkey : Global Ports Holding to buy 31% stake in VCP
Publish Date : 07-Sep-2015
Global Yatirim Holding has announced that its port operator, Global Ports Holding, has inked a binding deal to buy a 30.79 percent stake in Valetta Cruise Port Plc (VCP), which has operational rights of the Malta cruise port and its retail areas.
The stakes transfer's completion will depend on the finalization of required legal and administrative approvals as well as future decisions by other partners of VCP about acquiring any more stakes.
VCP secured the operational rights of the Valetta Cruise Port in Malta, along with its accompanying buildings and lands measuring over 48,000 square meters, in a global tender in 2002 for the next 65 years. The company has also implemented retail sales through Travel Shopping Ltd, with some 90% of stakes owned by it.
VCP, which plans to provide services to 650,000 cruise passengers this year, wants to increase its passenger numbers and home-porting passenger rate, which is around 20 percent now.
