TAKEOVER
Baleària is set to become Spain’s largest ferry operator after agreeing to take over the Armas Trasmediterránea shipping company’s Canary Islands and Alboran Sea business, along with part of its Strait of Gibraltar business, the majority of which has been snapped up by the Danish shipping group DFDS.
For its part, Baleària will acquire the ships Volcán de Teno, Volcán de Tamadaba, Villa Tazacorte, Volcán de Tinamar, Volcán de Tindaya, Juan J. Sister, Almariya and Volcán de Timanfaya, as well as port terminals, offices, concessions and service agreements in ports that are critical for the Group’s operations in these regions, including La Esfinge, Tenerife, Arrecife, Puerto Rosario, Cádiz, Melilla, Motril, Almería, La Palma, La Gomera, Valverde, Los Cristianos, Algeciras and Nador.…