Grimaldi’s shareholders’ meeting approves a €50 million capital increase in Trasmed to strengthen its balance sheet
The company led by Ettore Morace explains that the operation is aimed at reducing debt, which will now drop to 26.4 million euros
The Grimaldi Group has decided to carry out a new capital increase of €50 million in its Spanish subsidiary Trasmed.
The decision of the shareholders
“The decision taken by the shareholders of the shipping company – reads a note – is aimed at strengthening the financial position of the company and reducing its debt. With this operation, the share capital of Trasmed will reach 347 million euros”.
Trasmed Grimaldi Logistics Spain
Trasmed Grimaldi Logistics Spain active in RO-PAX maritime transport services between mainland Spain and the Balearic Islands, was established in 2021 following Grimaldi’s acquisition of the Armas Trasmediterránea business unit relating to the ports of Barcelona and Valencia and the routes to the Balearic archipelago.Trasmed’s total debt will be reduced to €26.4 million.
1.4 billion euros
The Grimaldi Group closed 2024 with over 1.4 billion euros in liquidity and a turnover of over 5 billion euros.
Fleet Grimaldi expansion
It is noteworthy As part of its fleet expansion and renewal program, the Grimaldi Group has commissioned the construction of nine ro-pax vessels from China Merchants Jinling Shipyard (Weihai). The agreement for these cutting-edge newbuilds is worth a total of USD 1.3 billion.
Six vessels
Six vessels will be deployed in the Mediterranean under the Grimaldi Lines and Minoan Lines brands, while three will be operated by Finnlines in the Baltic Sea. Key features include reduced environmental impact and enhanced onboard comfort.
Related :Grimaldi inaugurates the first river-sea line from China to Africa
