Adolfo Utor takes control of 100% of the shares of Baleària
After several months of cordial negotiation, the Baleària partners, Adolfo Utor with 57,5% of the shares and the Matutes group of companies (42,5%), have agreed to end their relationship of more than 17 years as partners in Baleària. After the agreement reached, Adolfo Utor takes control of 100% of the shares of the shipping company of which he was founder.
The Baleària partners to date want to highlight their fluid, enriching and fruitful relationship, based on mutual trust, and with results of which they feel proud and satisfied, by contributing with their participation to the consolidation of a leading shipping company in Spain and an international benchmark in sustainability and digitization. The Matutes group will allocate this divestment to its hotel core business, and Adolfo Utor with the acquisition proves a renewed and full confidence in the project he leads.
Adolfo Utor has pointed out: “A new shareholding situation has been adequately responded to, and with the step taken, confidence in Baleària's shared project has been strengthened. We have had a good year, we have overcome the pandemic successfully and we face the future with renewed energy and enthusiasm ”.