Joint venture concludes acquisition of remaining shares in Malaga cruise port concession
Global Ports Holding PLC (GPH)
Joint venture concludes acquisition of remaining shares in Malaga cruise port concession
24-Jan-2020 / 07:00 GMT/BST
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Global Ports Holding Plc
Joint venture concludes acquisition of remaining shares in Malaga cruise port concession
Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent cruise port operator, is pleased to announce that, further to the Group's announcement on 20th August 2019, Creuers Del Port de Barcelona SA ("Creuers") has completed the purchase of Autoridad Portuaria de Malagas's (Malaga Port Authority) 20.0% holding in the Malaga cruise port concession for €1.5m. This increases Creuers ownership of the Malaga cruise port concession to 100% and GPH's effective ownership to 62% from 49.6%. This transaction is in line with GPH's strategy to buy out, at fair value, minority shareholdings where possible and appropriate to do so.
CONTACT
For investor and analyst enquiries:
For media enquiries:
Global Ports Holding, Investor Relations
Brunswick Group LLP
Martin Brown, Investor Relations Director
Azadeh Varzi and Imran Jina
Telephone: +44 (0) 7947 163 687
Telephone: +44 (0) 20 7404 5959
Email: martinb@globalportsholding.com
Email: GPH@brunswickgroup.com
ISIN: GB00BD2ZT390 Category Code: MSCH TIDM: GPH Sequence No.: 42386 EQS News ID: 960021
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