Global Ports Holding's controlling shareholder to take firm private (updated)

Global Ports Holding

14/06/2024 12:10

(Adds company comment in paragraph 3, details on annual results
in paragraph 5)
       June 14 (Reuters) - Global Yatirim Holding, the
controlling shareholder of Global Ports Holding  GPH.L  (GPH),
the world's largest cruise port operator, said on Friday that it
would take the London-listed firm private.
    Global Yatirim, which holds a 59% stake in GPH, is
considering a possible $3 per share cash offer for the remaining
stake in the cruise port operator, it said.
    "GIH as the controlling shareholder is convinced of the
merits of moving the business into private ownership and intends
to seek delisting of the company," Global Yatirim said in a
statement.
    It added that it was in discussions with potential providers
of funding for the acquisition of the stake.
    Earlier in the day, GPH forecast annual passenger volumes of
nearly 20 million for 2025, after it posted a 47% rise in
adjusted core earnings for the year ended March 31.
        
  
    
    

 (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Sonia Cheema)
 ((abyjose.koilparambil@thomsonreuters.com))