Global Ports Holding submits a binding offer for an indirect stake in Venice Cruise Port
24 March 2016
Global Ports Holding submits a binding offer for an indirect stake in Venice Cruise Port, as part of an international consortium…
Global Ports Holding (“GPH”), the 89.16% subsidiary of Global Investment Holdings, has submitted a binding offer as part of an international consortium to the international tender by the APV Investmenti S.p.A (owned by Venice Port Authority) of Italy, for the transfer of its 65.98% stake in APVS, which in turn owns a 53% stake in Venezia Terminal Passeggeri S.p.A. (“VTP”).
The Venezia Terminal Passeggeri S.p.A. operates in the Marittima,S.Basilio and Rivadei Sette Martiri areas, stretching over a surface more than 260,000 sqm, of which the Terminals occupy 47,267sqm. The Terminals are in a strategic position, not only due to the uniqueness of Venice, but also the location, which allows an easy access to the city, and to all the attractions that surround Venice.
The Company managing Venice Cruise Port, VTP, has a concession for the management of the cruise terminal until 2024; however, there may be extensions to the concession in return for additional investments to the port.
Venice Cruise Port, thanks to its geographic location and good connections with the rest of the Europe, is, and will continue to be, one of the most important homeports in Europe, with an annual passenger number of c. 1.7 million. Venice Cruise Port benefits highly from the arrival and departure of the cruisers, generating direct and indirect impacts that are much higher than those of the transit ports.
