VS notified the Tender Authority that it has decided to practice its pre-emptive rights for all of the 65.98% of APVS shares, which are subject to sale. After having exercised its pre-emptive rights, VS will transfer 48% of APVS’ shares to Venezia Investimenti S.R.L’ye (“VI”) (formed by the consortium members), based on the signed memorandum of understanding.
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.