TTG – News – Royal Caribbean Cruises Ltd to buy $1 billion majority stake in Silversea


Silversea chairman Manfredi Lefebvre D’Ovidio said the agreement would bring together two lines with “bold, long-term visions for the cruise industry”.

Richard Fain, chairman and chief executive of Royal Caribbean, said: “Silversea is a crown jewel, and the acknowledged leader in luxury and expedition cruising, two key markets that are poised for growth.

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

 

Under the agreement, Royal Caribbean will acquire a 66.7% equity stake in Silversea based on an enterprise value of approximately $2 billion.

 

The purchase price of the equity being acquired is approximately $1 billion.

 

RCCL plans to finance the purchase through debt.

 

As part…

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