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Grimaldi Agrees To Purchase The Main Assets Of Naviera Armas In The Mediterranean

Grimaldi agrees to purchase the main assets of Naviera Armas in the Mediterranean

Source: Barcelona Port
Barcelona, Spain (PortSEurope) April 13, 2021 – Naples-based Grimaldi and Armas Trasmediterránea of Spain have signed a memorandum of understanding (MOU) for the sale of certain assets and property rights of the Spanish company in the Mediterranean. The agreement sees the purchase of five ro / pax vessels, two terminals in the ports of Valencia and Barcelona, ​​as well as offices and warehouses located on
the islands of Mallorca, Menorca and Ibiza. Grimaldi said that this development is “the first step in a collaboration between both shipping groups”. The ships acquired by Grimaldi are the ‘Ciudad de Palma’, ‘Ciudad de Granada’, ‘Ciudad de Mahón’, ‘Volcán del Teide’ and ‘Volcán de Tijarafe’. All of them, Grimaldi pointed out, are currently used by Naviera Armas Trasmediterránea in various connections within Spain. The agreement also provides for the acquisition by Grimaldi of the rights between the Peninsula and the Balearic Islands for the transport of goods and passengers. Specifically, the routes that are within the agreement are: Barcelona-Mahón, Barcelona-Palma de Mallorca, Barcelona-Ibiza, Valencia-Mahón, Valencia-Palma de Mallorca and Valencia-Ibiza. Also, the memorandum between both shipping companies provides for the transfer of two port terminals for the handling of rolling stock and passengers, currently operated under concession by Naviera Armas Trasmediterránea in the ports of Barcelona and Valencia, as well as various warehouses, offices and ticket offices in Valencia, Palma de Mallorca, Mahón and Ibiza. The operation is pending a ‘due diligence’ with the aim of signing the definitive transfer agreement and starting new operations for the next summer season, Grimaldi has indicated. The president of Trasmediterránea Armas, Antonio Armas, said that this agreement “is not for our group an exit from the Balearic routes, since we will continue, alongside a shipping group so important in the world panorama, a wide commercial collaboration that we It will allow us to offer our clients to be part of an extensive network of international maritime routes”. Executive director of Grimaldi Group, Emmanuele Grimaldi, has stated that, once this operation is completed, “our group will expand its offer of maritime services also to the Spanish domestic market, generating new synergies with the rest of the connections operated in the western Mediterranean”. Copyright (C) PortSEurope. All Rights Reserved. 2021.

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