The Spanish Bahia de las Isletas SL, which operates ferry services with the Armas Trasmediterránea brand, has signed two binding agreements, one of which provides for the sale of 215 million of euros to the compatriot Baleària Eurolineas Maritimas of the operations operated in Spain, with the Canary Islands, with Algeria and the Spanish island of Alborán, including the routes, assets and the passage of 1,500 employees employed on the ground and at sea, while the second provides for the sale for 40 million euros of assets and the transfer of employees of the activities operated in the Strait of Gibraltar to DFDS Iberia, subsidiary of the Danish maritime and logistics group DFDS. In addition, Bahia de las Isletas announced that last month it had signed a Further agreement to sell the ferry for 25 million euros Fortuny to the Italian Liberty Lines.

Bahia de las Isletas specified that the first agreement, relating to activities that generated revenues of to approximately €420 million, includes the sale of the Volcán vessels de Teno, Volcán de Tamadaba, Villa Tazacorte, Volcán de Tinamar, Volcán de Tindaya, Juan J Sister, Almariya and Volcán de Timanfaya as well as port terminals, offices, concessions and service agreements in the main ports for the operations of the La Esfinge group, Tenerife, Arrecife, Puerto Rosario, Cádiz, Melilla, Motril, Almería, La Palma, La Gomera, Valverde, Los Cristianos, Algiers and Nador.

With regard to the divestment of operations in the Strait of Gibraltar, which generated revenues of approximately 66 million euros, Bahia de las Isletas specified that the activities acquired by Baleària include the ship Ciudad de Málaga and a concession to Algeciras, while those acquired by DFDS include the ships Volcán de Tamasite and Villa de Agaete as well as concessions and terminals in the ports of Algeciras, Ceuta and Tanger Med.