Royal Caribbean Buys Stake in Luxury Line Silversea

June 14, 2018

Travel Pulse reports that Royal Caribbean Cruises Ltd. and Silversea Cruises Chairman Manfredi Lefebvre D’Ovidio on June 14 announced an agreement for RCL to acquire a stake in privately-owned Silversea Cruises. Under the agreement, RCL will acquire a 66.7 percent equity stake in Silversea worth about $1 billion. RCL plans to finance the purchase through debt. The closing is expected to be completed later in the year, subject to customary closing conditions and regulatory approvals.

“Silversea is a crown jewel, and the acknowledged leader in luxury and expedition cruising, two key markets that are poised for growth,” said Richard D. Fain, chairman and CEO of Royal Caribbean Cruises Ltd. “Uniting our two companies presents an extraordinary opportunity to expand vacation options for guests and create revenue in strategic growth areas.”

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