Execs Give More Insight into Royal Caribbean-Silversea Deal

It’s a match made in heaven, to be played out on the high seas. That’s the gist of this morning’s press conference call by executives from Royal Caribbean Cruises Ltd. (RCL) and Silversea.

The call added some color to this morning’s announcement that RCL will purchase a 66.7% stake in privately-owned Silversea for about $1 billion.

RCL Chairman and CEO Richard Fain had a simple explanation for the move.

“Ultra-luxury and expedition are gaps in our portfolio today,” he said. “Both are vacation products used by our higher-yielding guests. We’re now able to offer a complete spectrum of vacation options.”

He also had words of praise for Manfredi Lefebvre, Silversea’s executive chairman. The two have known each other for years.

“Silversea is a private company, founded by his…

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