CVC DIF takes control of Spanish ship repair yard Cernaval

Amsterdam-headquartered infrastructure equity fund manager CVC DIF has finalized the acquisition of a majority stake in Spanish shipyard Cernaval.

Cernaval is a Spanish shipyard specialised in the repair, maintenance and conversion of commercial vessels, based in Campamento, San Roque, within the Port of Algeciras.

The business holds a long-term concession at the Port of Algeciras Bay, a major maritime hub on the Strait of Gibraltar, through which more than 120,000 vessels pass each year.

Cernaval serves shipowners and maritime operators from its shipyard in the Algeciras Bay. Its facilities include a 400-metre dry dock, a 230-metre floating dock, quays and workshops.

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