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CVC takes majority stake in Spanish ship repair yard Cernaval
Infrastructure investor CVC DIF has completed the acquisition of a majority stake in Spanish ship repair specialist Cernaval, located at the Port of Algeciras Bay.
Infrastructure investor CVC DIF has completed the acquisition of a majority stake in Spanish ship repair specialist Cernaval, according to the report on the transaction.
The deal covers the shipyard at Campamento in the Port of Algeciras Bay, positioned on the Strait of Gibraltar. The report describes the site as strategically located at one of Europe's busiest maritime crossroads.
Financial terms are not disclosed in the supplied text, which breaks off at the mention of the financial details. No further specifics — such as closing conditions, the post-deal ownership structure or yard development plans — are provided in the material.
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