Limak Holding has offered the highest bid in the tender for the operating rights of Iskenderun Port - owned by the country’s national railways company - for 36 years.
Limak’s offer in the auction organized by the country’s privatization authority on Tuesday was $372 million, upsetting its closest contender, Kumport Port Services Co.
The tender opened at an initial offer of $160 million.
Iskenderun Port, on Turkey’s Mediterranean coast, was first put on sale in 2005 and attracted bids of $80 million.
The 2005 tender was later cancelled by the privatization authority.
Several companies and consortiums that joined the bidding were unable to last until the sixth and final leg, vvhich closed at $351 million.