Billionaire Ozyegin Seeks to Acquire Turkish, Foreign Ports

Fiba Holding AS, a Turkish group with interests in finance, retail and energy, wants to acquire assets to expand in the port industry, its billionaire founder Husnu Ozyegin said.

“We are looking both in Turkey and abroad,” Ozyegin, who is also chairman of Fiba, said in an interview during a Deloitte LLP conference on strategic partnerships in acquisitions in Istanbul today.

Fiba, which in 2008 bought a controlling stake in Kumport, a container and dry-cargo port near Istanbul, is seeking growth in the maritime freight-management industry to tap into Turkey’s expanding exports, more than 90 percent of which are transported by sea, he said.

Fiba was outbid in a government auction for the Iskenderun port in 2010 by Limak Holding AS, a Turkish builder and energy producer, which paid $372 million for the stake.

Ozyegin said the two banks Fiba owns, Fibabanka AS in Turkey and Amsterdam-based Credit Europe Bank NV, plan to grow in Turkey and Russia. “There is no other market in Europe that offers more than 15 percent to 20 percent banking growth than these two markets,” he said.

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

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.