Global Ports Holding adds Ravenna Cruise Port to its portfolio...
In July 2016; we had announced that Global Ports Holding ("Global Ports") had started negotiations with the operating companies of some cruise ports in Italy regarding the share purchase of these cruise ports. As of today, through its wholly owned subsidiary, Global Ports has acquired a 51% stake in Ravenna Terminal Passeggeri S.r.l, which operates Ravenna Cruise Port.
Negotiations regarding the purchase of previously announced other Italian ports are ongoing; and further disclosure will be made in line with the developments.
Ravenna is a city of mosaics, and is a favourable destination thanks to its geographical location. Its proximity to Venice, Bologna and the Independent Republic of San Marino, as well as the reduced travel time to Florence due to the new high speed rail connections, makes it an attractive cruise destination. The traffic in the Adriatic Sea is constantly increasing and Ravenna Cruise Port is very well positioned to benefit from the increasing traffic as one of the most appealing Italian cruise ship destinations.
With the addition of Ravenna cruise ports to Global Ports' existing portfolio of Barcelona, Malaga (Spain), Venice (Italy), Valletta (Malta), Lisbon (Portugal), Singapore – SATS Creuers (Singapore), Adria-Bar (Montenegro), Kuşadası, Bodrum, Antalya (Turkey), and Dubrovnik (Croatia, tender process continues), total passenger figure exceeds 7 million, which once again solidify Global Ports position as the largest cruise operator in the world.