Turkish port operator to acquire 31 pct stake in Valletta Cruise Port Plc

Turkish port operator to acquire 31 pct stake in Valletta Cruise Port Plc

ISTANBUL
Global Yatırım Holding said its port operator, Global Port, has signed a binding deal to acquire a 30.79 percent stake in Valetta Cruise Port Plc (VCP), which has operational rights of the Malta cruise port and its retail areas, in a written statement late Sept. 1. 

The completion of the stakes transfer will depend on the finalization of required legal and administrative permissions as well as future decisions by other partners of VCP about buying any more stakes. 

VCP won the operational rights of the Valetta Cruise Port in Malta, along with its accompanying buildings and lands measuring over 48,000 square meters, in an international tender in 2002 for the next 65 years, according to the statement. The company has also undertaken retail sales through Travel Shopping Ltd, with some 90 percent of stakes owned by it. 

VCP, which plans to offer services to 650,000 cruise passengers in 2015, aims to increase its passenger numbers and home-porting passenger rate, which is around 20 percent now, said the statement.
LATEST NEWS

  1. Türkiye will continue on path to energy independence, Erdoğan vows

  2. COP29 draft deal proposes rich nations give $250 bln in climate finance

  3. MPs pass reforms on internal security

  4. Romania set to hold presidential election

  5. Israel to end 'administrative detention' for West Bank settlers
Recommended

Over 47 million foreign tourists visit Türkiye in 10 months

AI firms seek accords with publishing giants to maintain growth

Competition authority launches probe into Mastercard, Visa

BP announces $7 billion gas project investment in Indonesia

Trudeau to send checks to millions of Canadians

SEC Chair Gensler to exit, clearing way for Trump pick

Volkswagen workers head towards strikes from December
WORLD

COP29 draft deal proposes rich nations give $250 bln in climate finance

A new draft deal at U.N. climate talks Friday proposes rich nations commit $250 billion a year to help poorer nations combat global warming in a bid to break the deadlocked negotiations.
ECONOMY

Over 47 million foreign tourists visit Türkiye in 10 months

Foreign tourist arrivals in Türkiye increased by 7.03 percent year-on-year in January-October to 47.3 million, according to data from the Culture and Tourism Ministry on Nov. 22.

SPORTS

Türkiye heads to Nations League playoffs after Montenegro loss

Türkiye spurned the opportunity to finish atop its group in the UEFA Nations League and qualify for League A directly with a 3-1 loss at Montenegro on Nov. 19 night.