Shore Capital is delighted to have acted as Financial Adviser, Rule 3 Adviser and Joint Broker to Global Ports Holding plc (“GPH”) on the recommended cash offer by Global Yatirim Holding A.S. (“GIH”), GPH’s majority shareholder, for the shares in GPH which it did not already own.

The recommended cash offer was announced on 11 July 2024 and completed on 9 August 2024. We were proud to work with GPH on this transaction, just as we were to serve the company previously as a listed entity.

GPH is the world’s largest independent cruise port operator, with an established presence across the Mediterranean, Atlantic, Caribbean and Asia Pacific regions. It holds a unique high-quality position in the cruise port landscape, effectively executing a strategy so positioning itself as the world’s leading cruise port brand, with an integrated network of cruise ports serving cruise liners, ferries, yachts, and mega-yachts.

Through a series of strategic acquisitions mainly in Europe and the Caribbean since its inception in 2004, GPH now operates or is invested in 31 cruise ports in 18 countries and its port network welcomed 17 million passengers, continuing to grow steadily. GPH also has a commercial port operation, which specialises in container and general cargo handling.

Shore Capital has acted as Broker to GPH since its IPO in 2017. We wish all involved with the company well for the future.