Morocco’s leading port operator Marsa Maroc has acquired 45 percent capital and voting rights in Spain’s Boluda Corporacion Maritima (BMT) for €80 million, establishing strategic presence across the Strait of Gibraltar. BMT operates nine ports spanning the Iberian Peninsula and Canary Islands.
This strategic partnership “opens pathways to synergies” between both groups, “pooling complementary expertise and assets in port terminal management,” according to Marsa Maroc. The transaction, authorized by the company’s board of directors on November 19, 2025, remains subject to competent authority approval.
“Both groups demonstrate strong strategic alignment, driven by the common objective of strengthening positioning on the Morocco-Spain corridor, a major maritime axis between both strait shores, and internationally particularly in Africa,” Marsa Maroc stated.
The partnership marks a milestone for Marsa Maroc, reinforcing presence on both strait shores while confirming regional anchoring. With 34 terminals across 20 ports, Marsa Maroc achieves a new stage in geographic expansion.
In 2024, BMT terminals handled over one million TEUs (twenty-foot equivalent units), confirming their critical role processing Peninsula-Canary Islands flows. The company provides comprehensive port management and logistics services at Las Palmas, La Palma, Tenerife, Lanzarote, Fuerteventura, Seville, Vilagarcía, Cádiz (Concasa), and Santander.
From these platforms, BMT offers clients access to eleven maritime routes operated by its shipping division, Boluda Lines. These routes ensure fluid connections between the Iberian Peninsula, Canary Islands, Balearics, Northern Europe, Italy, West African coast, and Cape Verde.
The acquisition strengthens Marsa Maroc’s international footprint while establishing operational foundations on Europe’s southern gateway, positioning the company to capture growing trade flows between Europe, North Africa, and Atlantic island territories while leveraging complementary port networks for enhanced service offerings.
