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Turkish Conglomerate Joins Bid for Israeli Port as U.S. Watches

  • Yildirim teams up with GraeStone, Global Ports and Eli Tilles
  • U.S. had raised concerns over Chinese influence on Haifa Port

A Turkish industrial conglomerate is joining a consortium that includes an American shipping company to bid for Israel’s largest seaport, after the U.S. raised concerns over Chinese influence and security implications involved in the sale of the strategic facility.

Yildirim Holding AS will own a majority stake in the venture, according to people familiar with the matter, who asked not to be identified because the information isn’t public. The Istanbul-based firm, which has expanded under Chief Executive Officer Robert Yuksel Yildirim to run terminals from Portugal to Ecuador, is seeking to be among the world’s top 10 container terminal operators by 2025.