Spanish Ferrovial becomes partner in Dalaman Airport, in transaction advised by ÜNLÜ & Co
Continued interest by international investors in the Turkish market is setting the stage for new merger and acquisition transactions. ÜNLÜ & Co acts as the sell-side advisor in the partial sale of “YDA Havalimanı Yatırım ve İşletme A.Ş. (Dalaman Airport)” to Ferrovial (Spain).
ÜNLÜ & Co Corporate Finance Managing Director İbrahim Romano stated: “We continue to move ahead at a brisk pace in 2022, with a steady stream of transactions, which reinforce our expectations of an upbeat M&A market in Turkey, in the short and medium term.”
Turkey’s leading investment services and asset management group ÜNLÜ & Co acted as the sell-side advisor in the partial sale of YDA Group company “YDA Havalimanı Yatırım ve İşletme A.Ş.”, which holds the operating rights of Dalaman Airport, to Ferrovial (Spain). Upon completion of the transaction, pending Competition Board approval and fulfillment of other conditions, Dalaman Airport will expand their presence under the roof of Ferrovial – YDA Group partnership.
ÜNLÜ & Co Corporate Finance Department Managing Director İbrahim Romano stated: “We observe continuous interest from foreign investors in Turkey’s strategic sectors and leading companies. We are proud to be a part of this very important transaction as the sell-side advisor of YDA Group. We continue to move ahead at a brisk pace in 2022, with a steady stream of transactions, which reinforce our expectations of an upbeat M&A market in Turkey, in the short and medium term.”
About Dalaman Airport:
Dalaman Airport is located on the Mediterranean coast, in one of Turkey’s most attractive tourist areas with extensive cultural, sports and leisure facilities. The airport, used by nearly 5 million passengers in 2019, up by 78% since 2006, ranks fourth in Turkey in terms of international passenger numbers.
The airport has two terminals to accommodate both domestic and international flights, with a capacity of more than 20 million passengers per annum; an aircraft apron for more than 40 aircrafts; parking for vehicles and collective transport of tour operators, as well as other auxiliary terminal facilities such as a water treatment plant. There are plans to develop renewable energy and sustainability projects to consolidate it as one of the most energy-efficient and environmentally-friendly airports in Turkey.
