Infrastructure investor CVC DIF has completed the purchase of a majority stake in ship repair business Cernaval, according to Splash247. Financial terms and the exact stake were not disclosed.

The publisher reports plans to modernise the Campamento yard in Algeciras Bay and expand its technical capabilities. Founder Mario López will remain involved with the business.

THE DEEPER VIEWWhat did this mean for you?

Source: Splash247 · original report