Global Ports Holding PLC: Joint venture concludes acquisition of remaining shares in Malaga cruise port concession

Global Ports Holding PLC (GPH) 
Joint venture concludes acquisition of remaining shares in Malaga cruise 
port concession 
 
24-Jan-2020 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
            Global Ports Holding Plc 
 
    Joint venture concludes acquisition of remaining shares in Malaga cruise 
            port concession 
 
Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent 
   cruise port operator, is pleased to announce that, further to the Group's 
          announcement on 20th August 2019, Creuers Del Port de Barcelona SA 
  ("Creuers") has completed the purchase of Autoridad Portuaria de Malagas's 
  (Malaga Port Authority) 20.0% holding in the Malaga cruise port concession 
   for EUR 1.5m. This increases Creuers ownership of the Malaga cruise port 
    concession to 100% and GPH's effective ownership to 62% from 49.6%. This 
       transaction is in line with GPH's strategy to buy out, at fair value, 
            minority shareholdings where possible and appropriate to do so. 
 
                       CONTACT 
      For investor and analyst              For media enquiries: 
                    enquiries: 
Global Ports Holding, Investor               Brunswick Group LLP 
                     Relations 
        Martin Brown, Investor       Azadeh Varzi and Imran Jina 
            Relations Director 
   Telephone: [phone]   Telephone: [phone] 
                           687 
Email:                           Email: [e-mail] 
[e-mail] 
 
ISIN:          GB00BD2ZT390 
Category Code: MSCH 
TIDM:          GPH 
Sequence No.:  42386 
EQS News ID:   960021 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

January 24, 2020 02:00 ET (07:00 GMT)