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 per cent stake in the business.
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.
Alocation of shares
– 70.005% D-Marine Investments Holding B.V. (a subsidiary of Doğuş Group)
– 14.514% Mr Jorge Ventosa
– 8.000% Mr Pepe García-Aubert
– 7.481% Deva 98 S.L. (a Catalan financial investment group)
Investments in MB92 facilities
2010-2012: The first expansion phase consisted in acquiring and renovating old facilities belonging to the commercial yard Union Naval de Barcelona (UNB). The remodelling and adaptation of historic buildings into workshops, the adaptation of docks, removal of a floating dock and the works done in the additional large hangar acquired are some of the refurbishing that has taken place. A total of 35 million Euros was invested to complete and start running the new docking area.
2015-2017: The second phase of expansion has recently begun with the construction and installation of a new Shiplift with double the lifting capacity of the current one: 4,000 tons. The investment in this project is approximately 40 million Euros.
For further information about MB92 please contact:
Júlia Quintana | Communications & Marketing Manager
Email: firstname.lastname@example.org | www.mb92.com
Telephone: +34 93 224 02 24
For further information about Doğuş Tourism Group please contact:
Ceylan Aksak | Marketing Director, Doğuş Tourism Group
Email: email@example.com | www.dogusgrubu.com.tr
Telephone: +90 212 354 22 75