Global Ports Holding’s JV Acquires Remaining Stake in Malaga Cruise Port

MalagaMalaga Port. Image Courtesy: Pixabay under CC0 Creative Commons license

A joint venture of cruise port operator Global Ports Holding Plc (GPH) has completed the purchase of an additional stake in the Spanish Malaga Cruise Port.

On January 24, Creuers Del Port de Barcelona SA (Creuers) wrapped up the acquisition of Malaga Port Authority’s 20% holding in the Malaga Cruise Port concession for EUR 1.5 million (USD 1.65 million).

As informed, this increases Creuers’ ownership in the Malaga Cruise Port concession to 100% and GPH’s effective ownership to 62% from 49.6%.

Established in 2008 as part of Creuers, Malaga Cruise Port manages all three cruise terminals of the Port of Malaga. The port is located in a strategic area in Southern Europe, connecting with routes to the Atlantic and the Mediterranean to make it a gateway to Andalusia.

Back in 2014, GPH took over the controlling stake in Creuers, becoming the world’s largest cruise port operator. As part of the acquisition, Malaga Cruise Port became a subsidiary of GPH.

The newest announcement comes only a few weeks after Goulette Cruise Holding, GPH’s joint venture with MSC Cruises, concluded the acquisition of Goulette Shipping Cruise, the company that operates a cruise terminal in La Goulette Tunisia.

Share this article

Follow World Maritime News

In Depth>


<< Feb 2020 >>
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

Eastern Mediterranean Offshore Conference and Exhibition (EMC) 2020

EMC 2020 conference will arm delegates with technical and commercial knowledge to capitalise…

read more >


Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >