EY Abogados Advises CaixaBank on €55M Suardiaz Financing
Deal News | Jun 30, 2025 | Iberian Lawyer
EY Abogados successfully advised CaixaBank on providing €55 million in financing to Suardiaz, a notable Spanish shipping and logistics firm, for the acquisition of the vessel Asturias. Formerly known as Viking Amber, the Asturias will join Suardiaz Shipping Lines' fleet and operate on the Atlantic corridor, connecting Morocco and Northern Europe. The vessel boasts a cargo capacity of 4,200 CEU, thereby enhancing maritime transport services for its key clients Stellantis and Toyota. This move is a part of Suardiaz's broader strategy to modernize its fleet, aiming to lower environmental impact while underscoring the company's commitment to sustainable and innovative logistics solutions. The legal advisory for the deal was spearheaded by Guillermo Crespo Gómez, partner at EY Abogados' Banking & Finance department, along with senior legal experts Pablo Alesón Andrés, Javier Andueza López-Jacoiste, and Antón Zamorano Boedo.
Sectors
- Shipping and Logistics
- Banking and Finance
- Legal Advisory
Geography
- Spain – Both Suardiaz and CaixaBank are headquartered in Spain, which is a central location in the transaction.
- Morocco – The vessel Asturias will connect routes between Morocco and Northern Europe, making Morocco a part of the geographical scope.
- Northern Europe – The vessel will operate on routes connecting Northern Europe with Morocco, making Northern Europe a geographic point of interest.
Industry
- Shipping and Logistics – The primary industry involved in the article, as Suardiaz is a leading company in shipping and logistics, focusing on maritime transportation and fleet expansion.
- Banking and Finance – CaixaBank's role in providing the financing falls under the banking and finance sector, which deals with financial transactions and advisory.
- Legal Advisory – EY Abogados’ involvement in advising CaixaBank makes legal advisory a relevant industry, highlighting the legal aspects of the transaction.
Financials
- €55 million – The financing amount provided by CaixaBank to Suardiaz for the acquisition of the vessel Asturias.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Suardiaz | Target Company | Company | A leading Spanish shipping and logistics company involved in acquiring the vessel Asturias. |
| CaixaBank | Bidding Company/Buyer | Company | A major Spanish bank providing €55 million financing to Suardiaz for the acquisition. |
| EY Abogados | Legal Advisor | Company | Provided legal advice to CaixaBank for the financing transaction with Suardiaz. |
| Guillermo Crespo Gómez | Lead Advisor | Person | Partner at EY Abogados, led the legal advisory team for CaixaBank. |
| Stellantis | Client | Company | One of the major clients for Suardiaz's maritime transport services. |
| Toyota | Client | Company | Another major client for Suardiaz's maritime transport services. |