Grupo Empresas Navieras (GEN), through its indirect subsidiary Agunsa Internacional, announced the acquisition of 60% of the voting capital of the company Terminal Marítima del Grao (TMG), a concessionaire company that operates two berthing fronts in the Port of Castellón, Spain.
The commercial transaction was reported under the legal condition of an essential fact by the general manager of GEN, Felipe Arriagada Subercaseaux, to the Commission for the Financial Market of Chile (CMF) and to the main stock exchanges of the country.
The acquisition was closed for a total amount of 3,810,681 euros and had the prior approval of the local port authority. It was carried out in alliance with Grupo Sicar, which acquired 20% of the capital through its associated firms Logística Integral Gallega and Compañía Marítima Neria.
With this incorporation, the shareholding composition of Terminal Marítima del Grao was definitively restructured among five commercial entities. According to the official register of holdings, the company Agunsa Internacional ETVE, S.L. is consolidated as the majority shareholder by retaining 60% of the ownership.
The remaining percentage is distributed among Horbagon, S.L. with 14%, the two companies of Grupo Sicar holding 10% each, and finally, the firm Grau 2012, S.L. which retains a smaller stake equivalent to 6%.
The infrastructure incorporated by the Chilean group has a concession contract that extends until May 2054. These facilities, located in the Port of Castellón, specialize mainly in the transfer of solid bulk goods and record an estimated annual movement of 3 million tons of cargo.
In this context, Agunsa communicated that “with the acquisition of 60% of TMG, in the Port of Castellón, Spain, we consolidate our expansion in the Mediterranean and reinforce our commitment to the development of strategic port infrastructure”.
“This incorporation, together with Grupo Sicar, drives the growth of one of the reference terminals in the handling of solid bulk and project cargo in the Spanish Mediterranean arc, combining experience, operational capacity, and a long-term vision. We continue moving forward to connect markets, enhance global logistics, and generate value for our clients”, it added.
For its part, GEN reported that “this important milestone strengthens GEN’s presence in the international port sector and consolidates its growth strategy in key markets, adding TMG to a network of assets with high development potential in the Mediterranean”.
Terminal Marítima del Grao has specialized infrastructure consisting of 450 linear meters of dock and a draft of up to 12 meters, characteristics that allow it to operate up to three ships simultaneously and handle a wide diversity of specialized cargoes and traffics.
The TMG facilities currently have three state-of-the-art mobile cranes, to which a fourth unit will soon be added, strengthening its operational capacity and allowing it to handle greater volumes of cargo.
The Spanish terminal would have a potential capacity of up to 6 million tons per year. Thus, the incorporation of Agunsa and Grupo Sicar into TMG would respond to a long-term strategic vision aimed at consolidating the port facility as a multipurpose terminal.
