GPH Joint Venture Buys Remaining Shares of Malaga Cruise Port Concession

   January 30, 2020 ,   Cruise Industry

Global Ports Holding Plc, the largest independent cruise port operator in the world, announced that its joint venture, Creuers Del Port de Barcelona SA has bought the remaining shares of the concession for Malaga Cruise Port for EUR 1.5 million.

The purchase agreement was signed by CEO of Global Ports Holding Plc (GPH) Emre Sayin, and President of the Port Authority Carlos Rubio, in the presence of the President of Puertos del Estado Salvador de la Encina.

GPH has a 62% stake in Creuers. The remainder is owned by Royal Caribbean Cruises. Creuers previously held 80% of the port concession and now announces it has bought the outstanding 20% stake from Malaga Port Authority. The transaction is in line with the strategy of GPH to purchase minority shareholdings at a fair price, in case there is an opportunity to do so.

Port of Malaga (Spain)

Currently, Malaga Cruise Port manages all 3 cruise terminals in Malaga port. The cruise port is strategically situated in Southern Europe with routes to the Mediterranean and the Atlantic, making it a gateway to Andalusia.

The cruise port is 15 minutes away from Malaga International Airport, offering flights to/from Europe and all around the globe. Malaga Cruise Port provides a range of services at each of the 3 cruise ship terminals and operates piers over 1,350 m, allowing it to receive vessels of any size from all over the world.