Awarded preferred bidder status for Las Palmas Cruise Ports (1247633)
November 10 2021 - 1:00AM
UK Regulatory
Global Ports Holding PLC (GPH) Awarded preferred bidder status
for Las Palmas Cruise Ports 10-Nov-2021 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR),
transmitted by EQS Group. The issuer is solely responsible for the
content of this announcement.
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Global Ports Holding Plc
Awarded preferred bidder status for Las Palmas Cruise Ports
Global Ports Holding Plc ("GPH" or "Group"), the world's largest
independent cruise port operator, is pleased to announce that,
following a public tender process, the Port Authority of Las Palmas
has awarded preferred bidder status to Global Ports Canary Islands
S.L. ("GPCI"), an 80:20 joint venture between GPH and Sepcan S.L.
("Sepcan"), to operate cruise port concessions for Las Palmas
Cruise Ports.
The concessions cover the port of Las Palmas de Gran Canaria,
port of Arrecife (Lanzarote) and Puerto del Rosario
(Fuerteventura), which have tenures of 40 years, 20 years and 20
years respectively. Following successful execution of the
concession agreements, GPH, as part of GPCI, will use its global
expertise and operating model to manage the cruise port operations
in Gran Canaria, Lanzarote and Fuerteventura.
The Group, GPCI and the Port Authority of Las Palmas will now
work towards agreeing on the terms of the concession agreements.
The concessions are expected to commence before the end of the
current financial year, although there can be no certainty as to
the timing or that the final conditions will be satisfied. A
further announcement will be made when it is appropriate to do
so.
GPH owns 80% of GPCI and Sepcan S.L. owns 20%. Sepcan is a
Canary island family-owned company that has been providing services
to the port of Las Palmas since 1936 and since 1998 has been
focused on mooring/unmooring, luggage handling, ship's provisioning
and passenger services. They also specialise in environmental
services and maritime pollution prevention.
Emre Sayin, Chief Executive Officer, said:
"I am thrilled that Global Ports Canary Islands has been awarded
preferred bidder status for Las Palmas Cruise Ports. On successful
conclusion of the concession agreements, these ports will take the
total number of cruise ports GPH operates and manages to 22.
Despite the challenges of the Covid-19 pandemic, GPH is continuing
to deliver on its strategic ambitions of growing its cruise port
network. The addition of these cruise ports will take our cruise
passenger capacity to over 15 million passengers per year including
minority owned ports."
CONTACT
For investor, analyst and financial media enquiries: For media enquiries:
Investor Relations Global Ports Holding
Martin Brown Ceylan Erzi
Telephone: +44 (0) 7947 163 687 Telephone: +90 212 244 44 40
Email: martinb@globalportsholding.com Email: ceylane@globalportsholding.com
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ISIN: GB00BD2ZT390
Category Code: AGR
TIDM: GPH
LEI Code: 213800BMNG6351VR5X06
Sequence No.: 126427
EQS News ID: 1247633
End of Announcement EQS News Service
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