Involved in the syndicate are Banco Sabadell, Barclays Capital, BNP Paribas, Fortis Bank, HSBC Bank, Santander and Société Générale Corporate & Investment Banking, although a total of 22 financial institutions participated in the operation.
However, a consortium headed by Hutchison Port Holdings dropped out before the final bidding stage, leaving PSA up against Dubai Ports International.
The port, which is currently managed by Turkish State Railways, requires up to US$100m of capital investment.
