Royal Caribbean Cruises Ltd. (RCL) is to acquire a 67% stake in privately owned luxury and expedition cruise operator Silversea Cruises. Under to agreement, RCL will purchase a 66.7% stake of Silversea for around US$1 billion based on an enterprise value of approximately US$2 billion. Silversea owner Manfredi Lefebvre D'Ovidio will retain the remaining shares in Silversea and continue his role as the company’s executive chairman. He will also qualify for an estimated contingent consideration of around 472,000 RCL shares, payable upon achievement of certain 2019-2020 performance metrics. Silversea currently operates four expedition ships and five classic cruise vessels and will welcome Silver Moon and Silver Dawn in 2020 and 2021. The line also has an option for a third sister ship.
WORLD SHIPPING
16 June 2018 - 16:28
Royal Caribbean Cruises Ltd. to buy majority stake in Silversea
Royal Caribbean Cruises Ltd
WORLD SHIPPING
16 June 2018 - 16:28
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