ShippingWatch

Yildirim sells CMA CGM shares and reinvests

Major Turkish shipping and energy group Yildirim Holding has found a buyer for its 20 percent stake in French CMA CGM, explains chairman and CEO Robert Yuksel Yildirim in an interview with ShippingWatch. He also knows where to reinvest the money.

Turkish shipping and energy conglomerate Yildrim Holding will divest its 20 percent stake in the world's third-largest container carrier, CMA CGM, in a few months, says CEO and chairman Robert Yuksel Yildirim in an interview with ShippingWatch at the Danish Maritime Forum in Copenhagen.

Yildirim Holding is one of the world's largest players in shipping, ports and the energy sector, and the conglomerate is thus comparable to the Maersk Group in numerous ways. Like the Maersk Group's port unit APM Terminals, Yildirim Holding has also recently performed a combined, large-scale investment in ports, both on the Iberian Peninsula and in South America.

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