Global Ports Holding PLC (GPH)
Joint venture concludes acquisition of remaining shares in Malaga cruise
port concession
24-Jan-2020 / 07:00 GMT/BST
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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: +44 (0) 7947 163 Telephone: +44 (0) 20 7404 5959
687
Email: Email: GPH@brunswickgroup.com
martinb@globalportsholding.com
ISIN: GB00BD2ZTXXX
Category Code: MSCH
TIDM: GPH
Sequence No.: 42386
EQS News ID: 960021
End of Announcement EQS News Service
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January 24, 2020 02:00 ET (07:00 GMT)
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