MB92 announces new investment and plans for expansion

The Barcelona refit shipyard MB92, one of the world’s largest maintenance facilities for luxury yachts up to 220m announced today that D-Marin Investments Holding, a subsidiary of the Turkey-based Doğuş Group has taken a 70 percent stake in the business.

The investment, which values MB’92 at €80 million, has been secured to develop increased international presence in both the Mediterranean and across the Atlantic, as well as to fund internal projects, including the installation of a second shiplift. MB’92’s current management team retains a 30% interest and will continue to control daily operations of the shipyard.

The shipyard, whose footprint includes a land area of 76,000m2 and 40,000m2 of water surface in the Port of Barcelona, is one of the most important of its kind in the Mediterranean. MB’92 renewed its concession in the port facilities of Barcelona in 2010 for 30 years. The new investment will enable management to proceed with plans to install a new shiplift (a lifting platform that moves vessels between the water and a working area in the yard) with a capacity to haul out yachts up to 4,000 tons, which will be operational in 2017.