Transaction values Silversea at around US$2 billion.
Royal Caribbean Cruises Limited has announced the acquisition of a 66.7% equity stake in Silversea Cruises, paying about US$1 billion along with 472,000 RCL shares contingent on the company’s performance in 2019/20.
Royal Caribbean ceo Richard D. Fain said “Silversea is a crown jewel, and the acknowledged leader in luxury and expedition cruising, two key markets that are poised for growth”.
Silversea executive chairman Manfredi Lefebvre d’Ovidio said the partnership would bolster the growth of the brand founded by his father, giving Silversea “the opportunity to accelerate the growth of the most successful luxury and expedition cruising brand in the world”.
The deal is expected to settle later in 2018, and will expand Royal Caribbean’s portfolio to add the “ultra-luxury” Silversea fleet.
More details in Cruise Weekly next week.