AVIS ready to join Grupo Meridial

The Group diced to construct its 10 floating waste conversion facilities in Spain.  We have made application into the traditional shipping construction sector of Spain and finally decided to enter into the merger of a historical local Group of 90 firms. Grupo Meridional is a family business holding company with more than 50 years of history and more than 200 employees; the activities of its companies are diversified, both by sector and geographically, through different divisions, whose mission is to provide value to investors and clients, from the point of view of economic, social and environmental sustainability.

The history of the Meridional Group dates back to its naval origins, beginning its activity as the owner of the Marítima del Musel shipyard in Gijón and Marítima de Axpe in Bilbao, sold in 1969 and 1970, respectively. EFE.

Meridial group historically carries out its activity in the naval industry through the company Marina Meridional, the holding company is immersed in a program of heavy investments, mainly in the group's naval decision. During 2020, the company acquired two shipyards in Spain (Huelva and Vigo), which are added to the other two already existing in the group.
The objective of the group is to place Spain once again as a benchmark for shipbuilding in the world, a position it enjoyed years ago and which will mean an important generation of wealth for the country in terms of employment.

For the construction of a new style of ships, AVIS needs infrastructure and man power. The family business of Gruppo Meridional find their chance in joining AVIS to secure jobs for their thousands of ship engineers, combining at the same time to become a leading ship builder by employ the AVIS technologies of tomorrow.  AVIS inject into Meridial Group initially up to €2 billion in tranches for modernizing its facilities infrastructure and adding robotic 3D printers.  

The mergers are financed by the green note issue program. AVIS has launched for its large industrial mergers, in 2019 a unique secured green bond at the Swiss markets and about the COVID-19 brake down restructured during 2021-2022. The “AVIS Green Bond Programme” with a syndicated volume of 50 billions Swiss Francs, is covering the acquisitions and processing by AVIS. The finance of the technology transition at industrial scale of the multi international manufacturing sectors are secured for years. AVIS will source its equipment requirements for the green facility's constructions at the installations in Murcia for almost all countries.