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Turkey’s Yildirim Sets Financing in Bid for Long Beach Shipping Terminal

Turkish port operator Yildirim Holding Inc. says it has lined up the financing to bid for a major American sea terminal against three other international companies, in a move that will sharply increase its role in North American shipping operations. Company Chairman Yuksel Yildirim told The Wall Street Journal in an interview that he has already met with regulators in Washington who are reviewing a deal that would bring a multiyear concession for the Long Beach Container Terminal in Southern California.

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