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Limak of Turkey Gets $425 Million Loan to Buy Iskenderun Port
By Ercan Ersoy - Dec 30, 2011 7:43 AM ET
Limak Holding AS of Turkey purchased the port of Iskenderun from the government for $372 million after obtaining a $425 million loan.
The Ankara-based company, which has construction, energy and airport interests, got the 13 1/2-year loan from six banks and made the payment to the government’s asset sales agency today, it said in an e-mailed statement.
More:Limak of Turkey Gets $425 Million Loan to Buy Iskenderun Port - Bloomberg