Baleària Closes the Purchase of Naviera Armas Trasmediterranea, Pending Cnmc

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Baleària has concluded agreements with the property of the Trans-Mediterranean Arms Shipping Company for the acquisition of its activity in the traffics of the Canary Islands and the Sea of Alborán, in addition to a part of the Strait, which has mostly been bought by the Danish shipping group DFDS. Specifically, the closure of the operation will be pending in its execution of the resolutions of the National Commission of the Markets and the Comp…

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The company Baleària has concluded agreements with the property of the shipping company Armas Trasmediterranea for the acquisition of its activity in the traffics of the Canary Islands and the Sea of Alborán, in addition to a part of the Strait worth more than 200 million euros, according to a communiqué of both companies. Specifically, the first agreement, referred to Canary Islands, Peninsula, Algeria and Alborán, has a total consideration of …

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The operation with the Alicante shipping company includes terminals in the ports of Cadiz, Almería and Motril

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The agreements would include the exploitation of the traffics of the Canary Islands, Alborán, and a part of the Strait, the management of 15 ferries, and the incorporation into the group of 1,500 new employees. Read

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DFD is left with certain operations in the Strait. More information: Baleària negotiates to buy part of the group Armas after billing 563 million and taking away the national leadership