Baleària expresses an interest in Naviera Armas

March 3, 2023

The President of Baleària, Adolfo Utor, has publicly stated the company’s interest “in a future acquisition of Naviera Armas in the event that the current owners put it up for sale”.

The company would be particularly interested in Armas’ Canaries inter-island traffic, where Baleària currently isn’t present.

However, the acquisition is said to be third place in Baleària’s priorities, below the expansion of the company’s Caribbean operation and the fleet renewal strategy.

Naviera Armas is expected to be offered for sale at some stage following recent restructures which have largely placed control of the company with banks.

Photo: Naviera Armas