CW breaking news – Hurtigruten acquired by investment consortium
November 29, 2024
Existing investors have joined hands to commit millions in new funding into the cruise line. Hurtigruten has been acquired by a consortium of existing investors, who have pledged to contribute hundreds of millions into the cruise line. The funding will underpin Hurtigruten’s next chapter, completing the brand’s split from its...
Checking your subscription…
Subscribe to Continue
You've reached a subscriber-only article.
Subscribe free to Cruise Weekly for unlimited access to all articles, plus our regular newsletter and breaking news bulletins delivered to your inbox.
Existing investors have joined hands to commit millions in new funding into the cruise line.
Hurtigruten has been acquired by a consortium of existing investors, who have pledged to contribute hundreds of millions into the cruise line.
The funding will underpin Hurtigruten’s next chapter, completing the brand’s split from its expedition-focused sister marque HX.
The new investment of approximately €110 million in long-term funding will support the businesses’ future growth, with the transaction expected to close in January.
The new ownership group will include existing investors Arini Capital Management, AlbaCore Capital, and Barings, with the move to also significantly reduce the outstanding debt of the company by more than €1 billion.
More details in today’s issue of Cruise Weekly.
×
Subscribe for Free Access
Get full access to this article and all premium content. FREE forever.
