UN Ro-Ro, owned by Kohlberg Kravis & Roberts & Co plans to bid at the auction for Istanbul's fast ferry operator IDO which is being privatised early this year, according to chief executive of UN Ro-Ro Kaptan Cemil Bayulgen.
Istanbul's ferry operator, the world's largest carrying more than 100 million people a year, is being sold off in a block tender with bids being collected by March 31, the Istanbul municipality said earlier this month.
IDO runs services across the Bosphorus Strait dividing Turkey's largest city and through the Sea of Marmara, among the world's busiest shipping channels. It operates 25 sea buses, 10 high-speed ferries and 17 car ferries on 18 routes.
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