Royal Caribbean to take majority stake in luxury line Silversea  – CBS News 8 – San Diego, CA News Station

By Gene Sloan, USA TODAY

Mass-market cruise giant Royal Caribbean and luxury line Silversea Cruises soon will be on the same team.

The parent company of Royal Caribbean on Thursday announced it had struck a deal with Silversea chairman and owner Manfredi Lefebvre D’Ovidio to acquire a two-thirds stake in the company Lefebvre’s family has run for more than 20 years.

In what amounts to the biggest cruise deal in several years, Royal Caribbean Cruises (RCL) said it would pay approximately $1 billion for the stake. Lefebvre also will receive approximately 472,000 shares of Royal Caribbean contingent upon achievement of certain performance metrics over the 2019-2020 period.

The offer values Silversea at around $2 billion.

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The deal…

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