A strategic review is being carried out at the world’s largest independent cruise port operator after a number of bids for parts of the company emerged.
Global Ports Holding operates 17 ports in nine countries including Barcelona, Lisbon, Valletta and Venice in Europe, Singapore in Asia and Havana in Cuba.
The company took a stake in German online cruise specialist travel agency Dreamlines a year ago. Dreamlines acquired Manchester-based Cruise1st in May last year.
GPH said today that it is undertaking a strategic review of the business “in light of the emerging opportunities in its cruise business”.
The review is is being carried out by banking group Goldman Sachs International.
“The purpose of the strategic review is to explore ways to maximise value for all stakeholders and includes a range of potential corporate activity including a sale of certain assets as well as strategic investments and partnerships,” GPH said in an announcement to the London Stock Exchange.
“Whilst the strategic review process remains at an early stage, GPH confirms that it has received a number of preliminary offers for certain assets which it is currently evaluating and there can be no certainty as to the final outcome.
“A further announcement will be made when it is appropriate to do so.”
This is a community-moderated forum.
All post are the individual views of the respective commenter and are not the expressed views of Travel Weekly.
By posting your comments you agree to accept our Terms & Conditions.