Spanish ferry operator Balearia has sought approval from the Spanish competition authority to take over rival Buquebus. Both companies provide services between Algeciras and Ceuta, the Spanish enclave in North Africa. Balearia has declined to disclose the price details of the bid. However it is understood that Buquebus has agreed to the deal. Balearia's targeting of Buquebus follows Acciona Trasmediterranea's purchase of Euroferrys in March 2006.
Balearia to take over Buquebus
Thu 31 May, 2007
| Posted in: Fast Ferry
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