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IN BRIEF: Global Ports JV agrees on concession terms for cruise port

ALN

Global Ports Holding PLC - London-based cruise port operator - Notes its joint venture with Sepcan SL, Global Ports Canary Islands SL, agreed on the concession terms for the Las Palmas de Gran Canaria cruise port, located in the Canary Islands. Says this takes the total number of its cruise ports across the Caribbean, Mediterranean, South Atlantic, Asia and Northern European cruise regions to 22. Expects to take over the cruise port in the fourth quarter of this year. Continues to work on finalising the 20-year concessions for the port of Arrecife and Puerto del Rosario.

Current stock price: 124.50 pence

12-month change: up 2.5%

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