Noatum Ports Offloads Las Palmas Terminal
- Business & Finance
Noatum Ports, the terminal division of Swiss-based container shipping company MSC, has confirmed the sale of all shares in Operaciones Portuarias Canarias S.A. (OPCSA Las Palmas) to Terminal Investments Ltd.
With the purchase of Noatum’s 45 pct shares, Terminal Investments Ltd has gained full control of the terminal.
MSC has used the terminal as a transshipment hub for cargo moving between Europe, Africa and South America.
“Noatum Ports is pleased to conclude this transaction and appreciates the positive cooperation with TIL during the period of the joint shareholding of OPCSA,” the terminal operator said.
Noatum Ports operates terminals in Bilbao, Valencia, and Málaga, as well as the largest vehicle handling terminal in the Mediterranean, based in Barcelona (Autoterminal).
Noatum Ports also operates dry bulk and general cargo terminals in Santander, Sagunto and has two railway terminals, one in Madrid and Zaragoza.