Oman Said to Hire Morgan Stanley on Turkey Container Port Sale

Oman hired Morgan Stanley to sell a stake in the Kumport port operator in Turkey, according to five people with knowledge of the matter.

The country’s finance ministry plans to sell about a 36 percent stake in the container port, located 35 kilometers (22 miles) west of Istanbul, the people said, asking not to be named because the talks are confidential. A sale may value the facility at more than $800 million, two of the people said.

Fina Holding, owned by Turkish billionaire Husnu Ozyegin, is the other shareholder and may also sell a stake without losing management control, three of the people said. Kumport had an annual capacity of 1.7 million TEUs of container traffic as of 2011, according to latest information on its website.

Murat Ozyegin, chairman of Kumport and a Fina director, declined to comment. Hugh Fraser, a spokesman for Morgan Stanley in London, and Mariam Al Asmi, spokeswoman for Oman finance ministry, didn’t respond to e-mailed questions for comment.

Before it's here, it's on the Bloomberg Terminal.