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May 31st, 2011
Turkish Company Buys 50% Stake in Malta Freeport

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Yildirim Holding AS, a Turkish container port operator that owns 20 percent of France’s CMA CGM SA, has agreed to buy 50 percent of Malta Freeport Terminals from CMA CGM for €200 million, Bloomberg news agency has reported. The Malta port has a “seriously strategic location” for Yildirim’s port operations because of its proximity to France, Italy and North Africa, Chief Financial Officer Evren Ozturk said. Read More