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Dogus of Turkey to Buy Four Marinas in Greece, Milliyet Reports

Dogus Holding AS, a Turkish company with interests in banking, construction and tourism, will buy four marinas that Greece is selling to raise cash, Milliyet reported, citing Group Chief Executive Husnu Akhan.

Istanbul-based Dogus applied to the Greek tourism ministry for clearance to acquire the marinas in Athens, Corfu Island, Lefkas Island and the Peloponnese for 20 million euros ($25 million), Akhan said, according to the newspaper.

The marinas have a total anchorage capacity of 3,755, about 50 percent more than the company’s capacity in Turkey, Akhan said. Dogus said on April 30 that it had bought Marina Dalmacija and Marina Borik in Croatia.

To contact the reporter on this story: Ercan Ersoy in Istanbul eersoy@bloomberg.net.

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net.

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