Overview

• Baleària announced the agreements on August 25, with completion contingent on resolutions by the CNMC.
• The package would transfer 15 ships, the operation of the associated maritime lines and roughly 1,500 shore and fleet employees.
• DFDS secured most Strait of Gibraltar routes from Armas Trasmediterránea, with local reports citing an offer of about €300 million.
• Levante-EMV reported Baleària valued the traffics it is acquiring at roughly €209 million after improving its bid in July.
• Baleària’s president, Adolfo Utor, said the deal seeks the scale to compete with large transnational groups and to preserve service stability and employment.