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Raiffeisen Investment advised Ceynak Lojistik A.S.

6 April 2010

Ceynak Lojistik A.S. took the control of Samsun Port, one of the largest ports of the Black Sea region of Turkey, from the Privatisation Authority of the Turkish Republic ("PA") on April 6, 2010.  RIAG acted as the exclusive financial advisor of Ceynak Lojistik A.S. in its search for project finance.

Ceynak Lojistik A.S., which is one of the largest logistics companies in Turkey with a strong focus in the logistics operations of grain in the country, acquired concession rights of Samsun Port from the Privatization Authority for 36 years for USD 125.2m. RIAG acted as the exclusive financial advisor of Ceynak Lojistik A.S. in its search for project finance. The closing ceremony of Samsun Port was attended by three ministers and many members of the Parliament together with the senior executives of the PA. RIAG Turkey was acknowledged in the ceremony attended by 400 businessmen/government officials.

The transaction was closed on the 6th of April, 2010.



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