Member News - TAGLaw

The closing formalities of the acquisition of all shares of Mota-Engil Logistica and Tertir Terminais de Portugal by Yılport Holding Group, an affiliate of Turkey’s Yıldırım Holding was successfully completed on 19 February 2016 where Yılport Holding Group was represented by Erdem&Erdem Law Office (Turkey).

Our team worked in collaboration with Portuguese lawyers actively engaging in every phase of the transaction through the signing of share purchase agreement and acquisition process and closing of the transaction.

As a result of the concluded transaction; Yılport Holding Group acquired seven container terminals in Portugal, two container terminals in Spain and one in Peru. The transaction is the largest investment made by a Turkish company in Portugal as well as one of the biggest port investments in Europe in 2015; thus is significant in terms of investment scale and economic value.