Wednesday , 18 September 2019
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DP World has signed a binding sale and purchase agreement for a 60% shareholding in Contarsa Sociedad de Estiba (Contarsa), a privately owned company which holds the exclusive concession for Tarragona container terminal in northern Spain.

DP World buys into Tarragona

The transaction has received approval from the Tarragona Port Authority and is currently seeking European Union regulatory clearance. The price was not disclosed.

Tarragona Port which handles 100% origin and destination cargo is located on the Mediterranean near Barcelona serving the hinterland of northern and central Spain. Tarragona has the potential to expand and to attract cargo seeking alternatives to nearby ports.