Port News & Information Mediterranean, Black & Caspian Seas

Valencia port reduces sale price of yacht purchased for America’s Cup

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Valencia, Spain (PortSEurope) January 23, 2017 – Valencia port authority (Autoridad Portuaria de Valencia) has reduced the sale price of the yacht it bought in 2008 to participate in America’s Cup. The port authority purchased the yacht for €4 million ($4.3 million) and now offers it for €1.75 million ($1.88 million). The total investment in the yacht,…

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