Spain’s biggest stevedoring group, Dragados-SPL, has taken a controlling interest in Valencia-based dry bulk handling terminal TMS. Already a shareholder in the company, Dragados-SPL has acquired 8.75% of the equity previously held by Servimad Valencia, whose own stake is thereby reduced from 31% to 20.75%. The other shareholder, Cesa Stevedoring, continues to hold 28.75% of the total shares.
TMS is upgrading facilities to comply with environmental legislation and this requires investment of €58M. As part of this work, a warehouse is being built with an automatic discharge facility, to prevent dust particles escaping into the air. A second enclosed warehouse is to be built alongside the first and eventually all the storage facilities will be covered....
This item (approximately 300 words) appears in the latest issue of Bulk Materials International which is available as an e-zine FREE OF CHARGE. Click here for immediate access.
Click here to subscribe to Bulk Materials International
Click here for a sample back-issue of Bulk Materials International
Read related items
Click on the links below to read other news and features related to this item.
