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Tag: Naviera Armas | Page 2 | Ferry Shipping News

May 31
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FERRY SHIPPING

By | 2018 Newsletter week 22 | No Comments

FRS Will Add More Routes To Its Spanish Portfolio

FRS increases its Spanish routes with the operation of the Motril-Melilla and Huelva-Canary Islands lines. This will start in July.

Until now these ferry lines have been operated by Naviera ARMAS. As already announced in last week’s newsletter the change was a condition from the anti monopoly commission. Armas had to give up some routes to be allowed to acquire Trasmediterranea.

FRS will charter the Armas-owned ro-pax ferries VOLCAN DE TAUCE for Motril – Melilla. © Naviera Armas

VOLCAN DE TEIDE will be used by FRS for the link between Huelva and the Canary Islands. © Naviera Armas

May 24
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FERRY SHIPPING

By | 2018 Newsletter week 21 | No Comments

Naviera Armas Can Go Ahead With The Acquisition Of Trasmediterranea

The National Commission of Markets and Competition (CNMC) has authorized the acquisition of Trasmediterranea by Armas, although the latter will have to comply with a series of commitments.

According to the CNMC, the sale posed risks for monopoly. Therefore, Naviera Armas will have to accept the entry of the German company FRS on the Motril – Melilla route, and on the connection between Huelva and the Canary Islands (including the inter island services). These routes are now operated by Armas.

In October the Acciona group reached an agreement for the sale of its 92.7% stake in Trasmediterránea to Naviera Armas for €260.4 million.

Apr 26
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Still No Running On Naviera Armas Takeover Of Trasmediterranea

By | 2018 Newsletter Week 17 | No Comments

Last October, Ferry Shipping News reported that Acciona reached an agreement to sell its 92.7% stake in Trasmediterranea to the Naviera Armas Group.

The deal was expected to be completed in the first quarter of 2018, after it had been approved by the competition authorities. This has not happened yet, writes OK Diaro (in Spanish).

The transaction is still pending the approval of the National Commission of Markets and Competition (CNMC). Whether or not a monopoly situation is created is the question. Armas is confident.

Photo: Mike Louagie