Hong Kong, May 3, 2007 (ABN Newswire) - Hutchison Port Holdings (HPH) is pleased to announce that a consortium comprising Global Yatirim Holding, EIB Limas and HPH has been selected to hold the concession rights to the Port of Izmir, Turkey.
Izmir is one of Turkey's major container ports with significant potential to cater for the continuing strong growth in the volume of trade with Asia.
The consortium intends to improve operating and service levels at the port and looks forward to finalising the concession agreement with the Privatisation Administration of Turkey as soon as possible.
About HPH:
Hutchison Port Holdings (HPH), a subsidiary of the multinational conglomerate Hutchison Whampoa Limited (HWL), is the world's leading port investor, developer and operator with interests in 23 countries throughout Asia, the Middle East, Africa, Europe and the Americas.
Today, HPH operates a total of 257 berths in 45 ports together with a number of transportation related service companies. With industry recognized core competence in the effective and efficient management and operation of ports, the HPH Group handled 59.3 million TEU in 2006.
About Global Yatirim Holding:
Global Yatirim Holding, an independent financial company in Turkey, provides services include securities, corporate finance and fund management to international and domestic clients.
About EIB Limas:
EIB Limas of Turkey, whose shareholders are members of the Turkish Exporters' Assembly which represents 40,000 exporters through the 59 Associations of Exporters operating in Turkey.
Izmir is one of Turkey's major container ports with significant potential to cater for the continuing strong growth in the volume of trade with Asia.
The consortium intends to improve operating and service levels at the port and looks forward to finalising the concession agreement with the Privatisation Administration of Turkey as soon as possible.
About HPH:
Hutchison Port Holdings (HPH), a subsidiary of the multinational conglomerate Hutchison Whampoa Limited (HWL), is the world's leading port investor, developer and operator with interests in 23 countries throughout Asia, the Middle East, Africa, Europe and the Americas.
Today, HPH operates a total of 257 berths in 45 ports together with a number of transportation related service companies. With industry recognized core competence in the effective and efficient management and operation of ports, the HPH Group handled 59.3 million TEU in 2006.
About Global Yatirim Holding:
Global Yatirim Holding, an independent financial company in Turkey, provides services include securities, corporate finance and fund management to international and domestic clients.
About EIB Limas:
EIB Limas of Turkey, whose shareholders are members of the Turkish Exporters' Assembly which represents 40,000 exporters through the 59 Associations of Exporters operating in Turkey.
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About Hutchison Whampoa Ltd
Hutchison Whampoa Ltd. (HK: 0013) is a Hong Kong-based multinational conglomerate with origins dating back to the 1800s. Hutchison is also part of the Li Ka-shing group of companies, which together represent about 15% of the total market capitalization of the Hong Kong stock market. In 2000, consolidated turnover (including associates) was over US$10 billion, and consolidated net profit was approximately US$4.4 billion.
With approximately 100,000 employees worldwide, Hutchison operates five core businesses in 34 countries: ports and related services; telecommunications and e-commerce; property and hotels; retail and manufacturing; and energy and infrastructure.
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