Awilhelmsen Sells 4.8 Mn Shares of Royal Caribbean Cruises

Royal Caribbean InternationalImage Courtesy: Royal Caribbean International

Norwegian investment company Awilhelmsen AS has sold 4.8 million shares of common stock of Royal Caribbean Cruises.

Awilhelmsen, one of three founders of Royal Caribbean Cruises, sold the shares of the Miami-based cruise company to a financial institution in a market transaction pursuant to Rule 144 of the Securities Act.

As a result of the transaction, the Arne Wilhelmsen family became the sole owner of Awilhelmsen and following the sale of RCL shares, Awilhelmsen, together with its affiliates, continues to beneficially own 12% of RCL common stock.

“This sale of shares enables Awilhelmsen to complete a transaction with its owning families, while maintaining its significant position as the largest shareholder of RCL,” Sigurd E. Thorvildsen, Awilhelmsen Chief Executive Officer, said.

The privately owned investment company operates in the following business areas Cruise Vacations, Real Estate, Shipping & Offshore, Retail and Financial Investments.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2020 >>
MTWTFSS
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 30 1 2 3

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 >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >

MARITIME INDUSTRY 2020

The future of the maritime sector is the point of focus during Maritime Industry 2020.

read more >