-+ 0.00%
-+ 0.00%
-+ 0.00%
DFDS Closes DKK165 Million Takeover of Algeciras-Tangier Med Ferry Operations
Share
Listen to the news
09:06 AM EDT, 10/08/2026 (MT Newswires) -- DFDS (DFDS.CO) completed its 165 million-Danish-krone acquisition of Naviera Armas' Volcan de Tamasite ferry and its Algeciras-Tangier Med operations along the Strait of Gibraltar. The transaction closed on Thursday following approval from the Spanish and Moroccan competition regulators, the Danish shipping and logistics company said in a same-day release. DFDS added that it will not pursue its purchase of Naviera Armas' Algeciras-Ceuta ferry operations as Spanish regulatory requirements exceeded the agreed conditions.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending