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Spanish shipping company "Baliaria" has completed its acquisition of the activities of "Armas Transmediterranea" in the Strait of Gibraltar and the Bay of Boura, following approval from Moroccan and Spanish authorities. This move aims to enhance maritime transport services between Spain and North Africa. The company will add several new ships to its fleet, including the ferry "Ciudad de Málaga," and employ around 250 staff members from "Armas." The goal is to transport over 8 million passengers and 11 million linear meters of cargo annually, generating revenues exceeding one billion euros. This step is part of the company’s expansion strategy to acquire assets and strengthen its presence in maritime connections between Spain and North Africa.
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