MIAMI, 18 June 2018: Royal Caribbean Cruises Ltd will acquire a stake in the privately-owned Silversea Cruises.
Under the agreement, Royal Caribbean will acquire a 66.7% equity stake in Silversea Cruises, based on an enterprise value of approximately USD 2 billion.
The purchase price of the equity being acquired is valued at approximately USD 1 billion. RCL plans to finance the purchase through debt.
“Silversea is a crown jewel, and the acknowledged leader in luxury and expedition cruising, two key markets that are poised for growth,” said Royal Caribbean Cruises Chairman and CEO Richard Fain.
Silversea’s CEO, Roberto Martinoli, will continue in his present role, working with the existing Silversea management team.
Silversea, offering cruise to more than 1000 destinations, and luxury expedition vessels, adds a pioneering ultra-top-end brand to RCL’s brand lineup.
