On January 24, Creuers Del Port de Barcelona SA (Creuers) wrapped up the acquisition of Malaga Port Authority’s 20% holding in the Malaga Cruise Port concession for EUR 1.5 million (USD 1.65 million).
As informed, this increases Creuers’ ownership in the Malaga Cruise Port concession to 100% and GPH’s effective ownership to 62% from 49.6%.
Established in 2008 as part of Creuers, Malaga Cruise Port manages all three cruise terminals of the Port of Malaga. The port is located in a strategic area in Southern Europe, connecting with routes to the Atlantic and the Mediterranean to make it a gateway to Andalusia.
Back in 2014, GPH took over the controlling stake in Creuers, becoming the world’s largest cruise port operator. As part of the acquisition, Malaga Cruise Port became a subsidiary of GPH.
The newest announcement comes only a few weeks after Goulette Cruise Holding, GPH’s joint venture with MSC Cruises, concluded the acquisition of Goulette Shipping Cruise, the company that operates a cruise terminal in La Goulette Tunisia.
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