© Mike Barker

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Trasmediterránea


Overview


Trasmediterránea is a ferry operator. It operates passengers and cargo ferries between mainland Spain and the Canary Islands, the Balearic Islands, and northern Africa. The Trasmediterránea (“cross-mediterranean”) company was constituted on November 26, 1916. In 1978, it became a state-owned company, until it was privatized by the Spanish government in 2002. The Spanish government sold the company to a consortium that consisted of Acciona Logística (60%), Caja de Ahorros del Mediterráneo, Compañía de Remolcadores Ibaizábal, Agrupación Hotelera Dóliga, Suministros Ibiza and Naviera Armas. Later, the company changed its name to Acciona-Trasmediterranea. At the end of October 2017 Acciona group agreed to sell its 92.7% stake in Trasmediterránea to Naviera Armas, another Spanish shipping company, operating ferries mainly in the Canary Islands. The deal is currently awaiting regulatory approval by the Spanish authorities and is expected to be completed in the first quarter of 2018.

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