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Yildirim Seeks Mines, U.S. Ports in $10 Billion Expansion

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Yuksel Yildirim
Yildirim Holding AS, a Turkish ports and mine operator, plans to expand in the U.S. port industry and boost investments in Kazakh mines. The Istanbul-based company, closely held by the Yildirim family, is seeking to benefit from a slump in asset prices as the plunge in commodities hurts valuations, Robert Yuksel Yildirim, chairman and chief executive officer, said in a phone interview on Friday. The company plans to spend about $5 billion on acquisitions and invest a further $5 billion in building power plants in Turkey by 2025, he said.
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