The Spanish Antitrust Authority has not authorized the acquisition of the company's assets and assets has been finalized Bahía de las Isletas, S.L., operated under the brand name Armas-Transmediterránea Group, Baleària through Gestión Naviera S.L. (Gesna) ( of 26 August 2025). Noting that this transaction consolidates the Baleària's position as a leading operator and, in many cases, single provider of regular maritime freight services and passengers, including the transport of vehicles, and poses risks to the regular maritime transport market between the Iberian Peninsula and Melilla, such as a drop in quality, price increases and/or a reduction in the frequency of services, Comisión Nacional de los Mercados y la Competencia (CNMC) has However, the acquisition was provisionally authorised as the commitments made by Gesna and the conditions accepted by the companies guarantee that the risks will be averted and, They will also help to avoid a worsening of the situation financial institution of Armas.

In particular, the conditions set by CNMC will remain in force for at least five years and provide for a limitation of increases of freight and passenger transport during periods of holidays not subject to maximum fares on the South routes of the Iberian Peninsula-Melilla for five years extendable for further five years, with the commitment also to maintain the current conditions quality of service, and an equivalent limitation of price increases on the Almería-Nador route as long as Balearia operates solo on this route or with a single competitor, with the maintenance of the current quality conditions of the service.

The non-definitive authorization of the CNMC will be communicated to the Minister of Economy, Trade and Enterprise so that it can decide whether to submit it to the Council of Ministers. ministers, who will be able to evaluate the operation on the basis of criteria of general interest different from those of protection of the competition.