The Spanish ferry company Naviera Armas seems to be the next big deal soon to take place in the Mediterranean basin.
Spanish media report that the company, controlled today by the Armas family and the creditors (i.e. Jp Morgan, Barings, Cheyne Capital and Banco Santander), will have to be put on the market in the near future.
Balearia, Boluda, MSC’s Grandi Navi Veloci and Grimaldi Group are mentioned as potential buyers, but Grimaldi immediately denied its interest to Ferry Shipping News: “We are not going to play that match,” a spokesperson said. No comment from MSC as usual.
The sale process appears very complicated both for technical, financial, and legal reasons.