QTerminals completed the acquisition of Port Akdeniz from Global Ports Holding for $140m.

QTerminals, a Qatari commercial port operating company, completed the acquisition of Port Akdeniz, which operates Port Akdeniz-Antalya in Turkey, from Global Ports Holding, an independent cruise port operator, for $140m. "Port Akdeniz has been an integral part of GPH since 2006, and it has played a pivotal role in the successful development of the Group over the years. However, as GPH continues to pursue growth in the exciting cruise port market, it is now time for the stewardship of Port Akdeniz to pass to an organisation that is primarily focused on the Commercial port market," Mehmet Kutman, Global Ports Holding Chairman.