Global Yatırım Holding to acquire the remaining 41% stake in Global Ports Holding for $127m.

Global Yatırım Holding, a holding company, offered to acquire the remaining 41% stake in Global Ports Holding, the world's largest cruise port operator, for $127m. GIH believes that as an infrastructure group, GPH should be able to freely execute growth strategies and have access to flexible long-term financing to remain competitive. Private ownership would therefore enable GPH to better execute its strategy of continuing to expand and develop its cruise port portfolio globally, without the distraction, challenges and costs associated with the requirements of being a publicly listed company.