Tag

Tag: Acciona | Ferry Shipping News

Nov 09
0

Acciona’s nine-month report

By | 2017 Newsletter week 45 | No Comments

Trasmediterránea is only one of the companies belonging to the well-performing Acciona Group. In its 9M report, Acciona says that the Trasmediterránea EBITDA fell to €40 million, due to an increase in fuel costs derived from higher oil prices. The revenues were rather flat, with -2%.
In the period from January till September more passengers (+1.3%), more freight (+2.9%) and more cars (+5.6%) have been transported.
Recently Acciona reached an agreement to sell its 92.7% stake in Trasmediterranea to the Naviera Armas Group, something which is planned for 2018, Q1.

Download Acciona's 9M Report as a PDF here
Oct 26
0

Acciona sells Trasmediterranea to Naviera Armas Group

By | 2017 Newsletter week 43 | No Comments

Acciona has finally reached an agreement to sell its 92.7% stake in Trasmediterranea to the Naviera Armas Group.

Acciona’s stake is being sold for EUR 260.4 million, and the buyer will assume EUR 127.3 million of debt owed by Trasmediterranea to Acciona group companies.

The deal will foreseeably be completed in the first quarter of 2018, once it has been approved by the competition authorities.

The disposal responds to Acciona’s goal of concentrating on its core business: sustainable infrastructure and renewable energy.

Since it was acquired by Acciona in 2002, Trasmediterranea has become firmly established as Spain’s largest shipping company and one of Europe’s leading ferry operators. It sails a total of 32 routes, mainly linking mainland Spain with the Balearic Islands, North Africa and the Canary Islands.

It also provides logistics, shipping agency and cruise ship handling services, and operates five port terminals.

Last year, it transported 2.5 million passengers (+2.3%), 5.8 million lane meters of cargo (+2.3%) and 576,000 vehicles (+5.7%).

Photo © Mike Louagie

Read the Acciona Press Release here