MTBS was hired by ICBC Turkey to conduct a technical and commercial due diligence for the privatisation of Tekirdag port. ICBC acted as financier for Ceynak Group's Tekirdag SPV, which, in turn, was selected by the Turkish Privatisation Administration as preferred candidate for a 36-year RBOT concession for Tekirdag port. MTBS provided a traffic forecast, revenue, opex and capex assessments, resulting EBITDA assessment, as well as an assessment of key risks and concession document review.
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