DP World and Turkey’s Evyap Group will form a strategic equity partnership between DP World Yarimca Port and Evyap Port.
The partnership aims at bolstering and expanding trade infrastructure by focusing on improving container port facilities and efficiencies in the Marmara gateway market.
Following the completion of the transaction, DP World will own 58 per cent of Evyap Port and Evyap Group will own 42 per cent of DP World Yarimca. The new business will be named DP World Evyap Port, the state news agency, WAM, reported.
The transaction remains subject to regulatory approvals.