Akol Law has advised Global Ports Holding on the sale of 99.9% of its stake in Port Akdeniz to QTerminals. Kolcuoglu Demirkan Kocakli, reportedly working with Clyde & Co as the coordinator on the deal, advised QTerminals.
According to Akol Law, “the enterprise value was USD 140 million and the closing equity value is USD 115 million.”
Port Akdeniz is a cargo export port located in Antalya, Turkey. The port handles cargo containers and general and bulk cargo for Asian and Middle Eastern markets.
QTerminals is a provider of container, general cargo, RORO, livestock, and offshore supply services. The company operates the Hamad Port in Qatar.
Global Ports Holding operates 21 cruise ports in 13 countries in the Caribbean, Mediterranean, and Asia-Pacific regions. The company was established in 2004 and is headquartered in London.
Akol Law’s team consisted of Partners Meltem Akol and Tugce Tatari, Senior Associate Selin Tomay, and Associate Cansu Teksen.
The KDK team included Partners Umut Kolcuoglu and Serhan Kocakli, Managing Associate Melis Oget Koc, and Associate Ipek Yuksel.