The four private equity funds JP Morgan, Barings, Bain Capital and Cheney Capital were this week preparing to become the new major shareholders of the Naviera Armas group.
After first reducing debt through a conversion of financial exposure into shares and entering capital, El Confidencial revealed that these institutional investors now intend to recapitalise the group by becoming its controlling shareholders.
Once rescued, the next action will be to proceed with the sale of Naviera Armas. In pole position among the interested parties is Balèaria but the Boluda Group and MSC are also in the running.
Photo: Naviera Armas