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25 September 2021 The on-line newspaper devoted to the world of transports 02:39 GMT+2

July 19, 2021

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Grimaldi completes the acquisition of the assets of the Spanish Transmediterránea

Operation worth 375 million dollars, with the Mediobanca support

The Neapolitan shipowners' group Grimaldi has completed the agreement with the Spanish Navieras Armas Trasmediterránea for acquire assets of the Iberian shipping company, including the five ro-pax ships Ciudad de Palma, Ciudad de Granada, Ciudad de Mahón, Volcán del Teide and Volcán de Tijarafe( of the 13 April 2021). The acquisition, with a total value of 375 millions of euros, also provides for the recruitment of almost 400 employees of the Spanish company and is implemented through the new Trasmed Grimaldi Logística España of the Grimaldi, based in Valencia.

The acquisition of the Trasmediterránea terminal in the port of Valencia and facilities, offices and ticket offices in Valencia, Palma de Mallorca, Mahón and Ibiza, as well as rights for the exercise of maritime passenger and freight services between the Iberian Peninsula and the Balearic Islands on the routes between Barcelona and Mahón, Palma di Majorca and Ibiza and between Valencia and Mahón, Palma de Mallorca and Ibiza. The services will be carried out with the five ships acquired at to which will be added the Euroferry Egnazia of Grimaldi.

The acquisition was supported by Mediobanca, which has secured a loan of about 160 million euros to the new company Trasmed GLE.

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