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