19th to 21st of May 2020

Acciona sells Transmediterránea to Armas Shipping company

The transtaction is valued in 127,3 million euros. The shipping line counts on the ferry from Vulcano for next year

Acciona has reached an agreement to sale their stake of 92,7% in Transmediterránea to Naviera Armas Group valued at 260,4 million, according to the information given by the company this Wednesday. By virtue of the agreement reached, Naviera Armas Group will assume the repayment of Transmediterránea with other societies from Acciona in the amount of 127,3 million euros.

The transaction’s final price could increase up to 16 additional million euros according to the future gross operating profit (EBITDA) of the combined group. Transmediterránea is the assembly plant of the vessel that is being built by Vulcano, a ferry with capacity of 1.500 passengers and 450 vehicles. The construction of this new ferry will be finalized for 2018 high season and will have an heliport.

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