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GLOBAL PORTS HOLDING PLC
M&A Activity • Jan 24, 2020
4977_rns_2020-01-24_2c77ae3a-8a2a-4585-86af-97c1b389b6c1.html
M&A Activity
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Global Ports Holding PLC (GPH)
Joint venture concludes acquisition of remaining shares in Malaga cruise port concession
24-Jan-2020 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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: [email protected] | Email: [email protected] |
| ISIN: | GB00BD2ZT390 |
| Category Code: | MSCH |
| TIDM: | GPH |
| Sequence No.: | 42386 |
| EQS News ID: | 960021 |
| End of Announcement | EQS News Service |