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. 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 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.

About :The Grimaldi Group 

The Grimaldi Group is now Italy's biggest shipowning Group and the world's leading operator in the maritime transport of rolling freight, as well as the European leader on the Motorways of the Sea. Wholly owned by the Grimaldi's family, the Neapolitan Group is led by Gianluca Grimaldi, Emanuele Grimaldi and Diego Pacella.

The Group also operates a network of port terminals and logistics companies, forming an integrated logistics chain, and is also active in the passenger and container transport sector.

Related :Grimaldi inaugurates the first river-sea line from China to Africa

#The Grimaldi Group # Finnlines #China Merchants Jinling Shipyard # Trasmed #Armas # increases capital