International investors bid €200 million to buy Puerto Banus

A GROUP of Chinese, Swiss and Spanish investors is vying to buy Spain’s luxy party port Puerto Banus.

The €200 million deal, backed by Credit Suisse and construction firm Fomento de Construcciones (FCC), is expected to see an extension of Banus with further development in the marina and port shopping areas.

The cloak and dagger negotiations with the private company Puerto Banus SA that constructed the marina in 1970 are expected to be concluded by the end of the year.

As one of the Mediterranean’s most valuable ports, Banus receives around five million visitors each year and has 870 berths especially geared to luxury vessels.