DP World acquires majority stake in Türkiye's Evyap Port

WAM

Global port operator DP World and Turkish conglomerate Evyap Group have announced a strategic equity partnership to bolster trade infrastructure.

The collaboration will focus on enhancing container port facilities and optimising efficiency in the crucial Marmara gateway market.

DP World will acquire a 58 per cent stake in Evyap Port, while Evyap Group will hold a 42 per cent stake in DP World Yarimca.

The merged entity will be named DP World Evyap Port. However, regulatory approvals are pending before the transaction can be finalsed.

Drawing on DP World's extensive international expertise and Evyap Group's strong local presence, the partnership aims to revolutionise supply chain solutions in Turkey.

By increasing efficiency, streamlining turnaround times, ensuring security, and diversifying service offerings, the collaboration intends to advance Turkish trade.

More from Business News

On Virgin Radio today

  • The Weekend Breakfast

    8:00am - 11:00am

    Playing 10 hits in a row every hour, all weekend!

  • Virgin Radio Weekend

    11:00am - 7:00pm

    Playing 10 hits in a row every hour, all weekend!

Trending on Virgin Radio