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Global Ports Holding PLC - London-based cruise port operator - Signs 50-year agreement with Peel Ports Group's subsidiary, Mersey Docks & Harbour Co Ltd, to operate cruise services at Liverpool Cruise Port. Global Ports expects to take over operations of the port this month and will pay upfront charges, without disclosing financial details. The company plans to invest up to GBP25 million in the ports infrastructure, "which all stakeholders believe should act as a catalyst to unlock the future potential. This investment will include the addition of a new floating dock that will increase capacity and allow for the simultaneous berthing of two 300-metre ships and over 7,000 passengers a day," it says. Adds that the cruise port is well-positioned to participate in the growing northern European, British and Irish cruise markets, alongside having good airport connectivity.
Current stock price: 211.82 pence each, 1.4% higher on Wednesday afternoon in London
12-month change: up 48%
By Tom Budszus, Alliance News slot editor
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