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Airports is also active in other areas of airport operations including duty free, food and beverage, ground handling, IT, security and operation services.
The company is targeting serving 90mn to 94mn passengers this year. Aeroports de Paris Group owns 46.1% of TAV.
● Others
Turkish ports operator Yilport is close to signing a concession agreement to operate Taranto Container Terminal in Italy for 49 years, according to Robert Yuksel Yildirim, the board chairman of Yildirim Holding. Active in eight countries with 20 marine ports and 6 dry terminals, Yilport currently ranks 13th among global container terminal operators. If the deal goes through, Taranto will be Yilport’s first terminal in Italy. The current annual container handling capacity of the terminal is about 2mn TEUs (twenty-foot equivalent units). Yilport plans to expand annual handling capacity to over 4mn TEUs via investments in the next 10 years.
Turkish airliner AtlasGlobal announced it will “offer the businessmen, travelers and students who have to fly between Moscow and Tbilisi the chance of flying easily four days a week with connecting flights via İstanbul.” The move comes after Russia forbade the access of Georgian aircraft to Russian airports, in a move it said was to protect Russian citizens from exposing themselves to risks in Georgia — but that was mainly seen as part of broader economic sanctions against the former Soviet state. After a one-year pause, the Turkish airline AtlasGlobal thus returns to the Georgian aviation market, announced deputy general manager of TAV Georgia, the company managing Tbilisi and Batumi international airports, Thea Zakaradze. The airline will start operating regular Istanbul-Tbilisi-Istanbul flights from the new Istanbul airport on July 16, Business Georgia reported. The airline entered the Georgian market in 2013, but left it five years later in April 2018.
9.2.4 Construction & Real estate corporate news
Japan’s Nippon Paint Holding buys Turkish Betek for €219mn. Japan’s Nippon Painting Holding has announced that it completed all procedures and closed the transaction regarding the acquisition of Betek Boya, one of the largest firms in Turkey’s decorative paint market. Nippon Painting agreed to pay TRY1.4bn (€219mn) for the shares of Betek, the owner of Filli Boya and Fawori which have a large market share and a high brand-recognition level. Founded in 1988, Betek has five production facilities in Turkey and one plant in Egypt. The Turkish company operates through a network of 5,600 dealers. Revenues of Betek Boya stood at TRY1.75bn last year, up from TRY1.5bn in 2017. According to a presentation on Nippon Painting’s website, Turkey is Europe’s fifth largest decorative paint market. Local industry produces more than 600 tonnes of decorative paints annually.
Last year Turkey saw $12bn worth of M&A transactions, a 17% increase from 2017, a January Deloitte Turkey report showed. The total number of deals was 256 last year, a 13% drop from the previous year. The number of deals sealed by foreign investors was 74, down slightly from 70 deals in 2017. Total annual deal volume of foreign investors was some $7.6bn, according to the report.
The motorway operator of Bosnia & Herzegovina’s Republika Srpska, Autoputevi, has signed a memorandum of understanding with Turkey’s Tasyapi on the construction of the Sarajevo-Belgrade motorway section via its territory, Indikator.ba reported. The construction of the highway is aimed at creating a better connection between the two countries and will enable faster regional development. Serbia will invest €1.05bn in the construction of its part of the motorway. The total cost of the motorway is estimated at €3bn. Tasyapi is building the motorway in Serbia as well. The
69 TURKEY Country Report August 2019 www.intellinews.com