GPH Buys Two Stakes in Venice Cruise Port
- Business & Finance
Turkey-based cruise port operator Global Ports Holding (GPH) has acquired two large stakes in cruise port Venezia Terminal Passeggeri made via Venezia Investimenti S.r.l., which is jointly owned in equal shares by GPH and cruise companies Costa Crociere, MSC Cruises SA and Royal Caribbean.
Namely, the operator purchased a 48% stake in APVS S.r.l., which owns a majority stake of Venezia Terminal Passeggeri, from Veneto Sviluppo S.p.A.
GPH also bought an 85.85% stake in Finpax S.r.l., which owns over 22.1% of Venezia Terminal Passeggeri, from certain Venice port operators.
The remaining stakes in Venezia Terminal Passegeri are held by SAVE SpA, which has over 22.1% in the port, and the Chamber of Commerce of Venice, Rovigo and the Delta Lagoon with a stake of 2.64%.
Venezia Terminal Passeggeri, founded in 1997 by the Port Authority of Venice, manages ten multi-functional terminals and seven docks in the Marittima, San Basilio and Riva dei Sette Martiri areas.