Royal Caribbean Is Paying $1 Billion for a Majority Stake in Silversea

Royal Caribbean Is Paying $1 Billion for a Majority Stake in Silversea

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Royal Caribbean Cruises is buying a majority stake in luxury rival Silversea Cruises for $1 billion.

The deal, which is worth $2 billion including debt, will see the world’s second largest cruise company take a 67 percent stake in Silversea.

“Silversea is a crown jewel, and the acknowledged leader in luxury and expedition cruising, two key markets that are poised for growth,” said Richard Fain, chairman and CEO of Royal Caribbean Cruises. “Uniting our two companies presents an extraordinary opportunity to expand vacation options for guests and create revenue in strategic growth areas.”

The deal is expected to complete later this year.

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Photo Credit: Silversea’s Silver Cloud. Royal Caribbean is buying a 67 percent stake in the cruise line. Silversea

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June 14, 2018 at 12:44PM

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