The Turkey-based Global Port Holding (GPH) has acquired shares in companies managing the cruise ports of Cagliari (Sardinia), Catania (Sicily) and Ravenna (Emilia-Romagna).
The harbours were previously owned by Royal Caribbean Cruises (RCC), Aloschi&Bassani, and Bassani Ravenna. However, RCC will retain a minority stake in all three companies, and the ports of Cagliari, Catania, as well as Ravenna will remain part of the company's cruise itineraries.
The 2004-founded GPH, advised during the purchasing process by the International law firm Watson Farley & Williams, is one of the world’s largest cruise port operators, with a portfolio of the following ports – Lisbon, Malaga, Barcelona, Valetta, Bar, Kuşadası, Bodrum, Antalya, Singapore.
“I am delighted to have advised GPH for the second time on new cruise terminal acquisitions, following that of two significant stakes in Venice’s cruise terminal in July 2016. That such a leading industry player as GPH opted for WFW to advise them on both matters demonstrates the firm’s respected and expanding presence in the cruise sector both worldwide and in Italy specifically,” Francesco Dialti, Asset Finance Partner at Watson Farley & Williams, said.
Photo: Port of Catania