Independent journal on economy and transport policy
06:49 GMT+1
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Grimaldi completes the acquisition of the assets of the Spanish Trasmediterránea
Transaction worth 375 million dollars, with the support of Mediobanca
July 19, 2021
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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