DP World acquires majority stake in Türkiye’s Evyap Port

WAM

Global port operator DP World and Turkish conglomerate Evyap Group have introduced a strategic fairness partnership to bolster commerce infrastructure.

The collaboration will concentrate on enhancing container port services and optimising effectivity within the essential Marmara gateway market.

DP World will purchase a 58 per cent stake in Evyap Port, whereas Evyap Group will maintain a 42 per cent stake in DP World Yarimca.

The merged entity shall be named DP World Evyap Port. However, regulatory approvals are pending earlier than the transaction may be finalsed.

Drawing on DP World’s in depth worldwide experience and Evyap Group’s robust native presence, the partnership goals to revolutionise provide chain options in Turkey.

By growing effectivity, streamlining turnaround occasions, guaranteeing safety, and diversifying service choices, the collaboration intends to advance Turkish commerce.

.@DP_World and Evyap Group (Turkey) have agreed to kind a strategic fairness partnership between DP World Yarimca Port and Evyap Port.  The partnership goals at enhancing and rising commerce infrastructure by specializing in enhancing container port services and enhancing efficiencies… pic.twitter.com/rVEx32dMf2

— Dubai Media Office (@DXBMediaOffice) August 29, 2023