The consortium with a capital of $ 688.5 million, including China Merchants Expressway, CMU, Zhejiang Expressway, Jiangsu Expressway, Sichuan Expressway and Anhui Expressway, had sought to acquire 51 percent of IC İçtaş, responsible for the construction and operation of the Yavuz Sultan Selim Bridge.
Italian Astaldi applied to the Competition Board for the transfer of the 3rd Bosphorus Bridge and Marmara Motorway Investment shares to IC İçtaş. by an explanation. According to the statement, Jiangsu Expressway and its partners, including Zhejiang Expressway and China Merchants Expressway, will set up units for overseas acquisition. these units are planned to be established in Hong Kong will buy 51 percent of a construction company in Turkey.
As a result of the negotiations, 51 shares of Yavuz Sultan Selim Bridge, which is responsible for the construction and operation of the İçtaş-Astaldi partnership, were sold to the Chinese consortium led by China Merchants Expressway with a 31 percent share. The Chinese group will inject $ 688mn capital into the company.