Spanish shipping and port services firm Boluda Corporación Marítima (CM) has sold an undisclosed minority stake in its container terminal division to DIF Capital Partners.
DIF, which is making the investment through its DIF CIF II fund, said it has signed an agreement to buy the stake in Boluda Maritime Terminals without disclosing any financial information.
Boluda CM will remain the majority shareholder in the joint venture, DIF said, adding that the venture plans to further invest in container terminal opportunities.
The transaction involves 8 container terminals located in continental Spain and the Canary Islands. All terminals are operated under a concession granted by the port authorities.
Willem Jansonius, the head of DIF CIF investments, said: “We are pleased to announce the agreement reached with Boluda CM to invest in their container terminal business. The Boluda terminals are essential infrastructure assets delivering cargo services 24/7 to the Iberian Peninsula and the Canary Islands.
“We are looking forward to continuing to grow the business together with Boluda CM, management and employees and aim to work closely with its customers, the port authorities and other stakeholders.”
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