Top Bidder to Pay $505 Million to Operate Fenerbahce-Kalamis Yacht Marina

July 24, 2024

Yachting Journal

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Turkish businessman Vahit Karaarslan submitted the highest bid of $505 million to operate Fenerbahce-Kalamis Yacht Marina for 40 years, the country's privatization authority said on July 17.

Koc Holding's unit Tek-Art Kalamis was the second highest bidder in the tender with $504 million, the government authority also said in a statement.

In 2021, during a previous tender for the operation rights, Tek-Art Kalamis submitted the top bid but the tender was cancelled with a presidential decision.


($1 = 33.0918 liras)

(Reuters - Reporting by Ebru Tuncay; writing by Ezgi Erkoyun; editing by Burcu Karakas and Tomasz Janowski)