OROPESA DEL MAR/ORPESA – The Spanish Competition Authority (CNMC) has approved the takeover of the Marina d’Or tourist complex by the companies Costa Blanca and Grupo Fuertes.
This was announced by the CNMC on Wednesday after both companies confirmed the purchase of the resort at the end of September. The joint goal of Costa Blanca and Grupo Fuertes is to transform Marina d’Or into one of the best holiday resorts in Europe, under a “new tourism concept”. The operation means that both companies now have joint control of the complex.
No threat to competition
The CNMC has indicated that the acquisition does not pose a threat to competition in the affected markets. There are no weak horizontal and vertical overlaps that occur in the different market segments.
Costa Blanca is a holding company that mainly focuses on the management and operation of tourist accommodations. This includes hotels, campsites, and apartments. They are also active in the field of real estate promotion, catering, and renting out real estate.
Grupo Fuertes is a family business active in the food and beverage sector, particularly in the meat industry. The company also has interests in other sectors, such as real estate and leisure.
About Marina d’Or
Marina d’Or is a holding company focused on the management and operation of tourist and residential complexes. It is located in Oropesa del Mar and consists of 5 hotels, 153 serviced apartments, 4 amusement parks, sports facilities, a spa, and local shops. Until recently it was owned by the American investment fund Farallon Capital Management.