Royal Caribbean Buys Majority Stake in Silversea Cruises

Cruise giant Royal Caribbean has plugged a gap in its portfolio through the US$1 billion purchase of a 66.7% stake in luxury and expedition line, Silversea Cruises. “Ultraluxury and expedition cruises are gaps in our portfolio today,” Royal Caribbean Chief Executive Officer Richard Fain told analysts and media following the announcement. Not any more. See Reuters coverage.

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