Royal Caribbean to Buy Majority Stake in Silversea Cruises

Cruise ship company Royal Caribbean Cruises (RCL) is to acquire a 66.7% equity stake in Silversea Cruises based on an enterprise value of approximately USD 2 billion.

Royal Caribbean said that the price of the equity being acquired is around USD 1 billion, adding that it plans to finance the purchase through debt.

In addition, Manfredi Lefebvre D’Ovidio, Chairman of Silversea Cruises, will qualify for an estimated contingent consideration of 472,000 RCL shares, payable upon achievement of certain 2019-2020 performance metrics.

“Silversea is a crown jewel, and the acknowledged leader in luxury and expedition cruising, two key markets that are poised for growth,” Richard D. Fain, Chairman and CEO of Royal Caribbean Cruises, said.

“Uniting our two companies presents an extraordinary opportunity to expand vacation options for guests and create revenue in strategic growth areas,” Fain added.

The closing is expected to be completed later in the year, subject to customary closing conditions and regulatory approvals.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >