Cruise News

Royal Caribbean buys $1bn stake in Silversea Cruises

Royal Caribbean Cruises Ltd is to acquire the majority stake in privately-owned Silversea Cruises, bringing together two companies with bold, long-term but widely different visions for the cruise industry.

Under the agreement, Royal Caribbean will acquire a 66.7 per cent equity stake valued in the region of $1bn, while Silversea owner Manfredi Lefebvre D’Ovidio will receive an estimated 472,000 RCL shares.

image “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 (pictured left), chairman of RCCL.

“Uniting our two companies presents an extraordinary opportunity to expand vacation options for guests and create revenue in strategic growth areas.”

Fain added: “We are proud to welcome aboard Manfredi Lefebvre, a visionary leader whose high standards and history of innovation we deeply respect. Manfredi will remain Executive Chairman of Silversea, continuing to lead its strategy long term.”

“This partnership will bolster the growth of this exceptional brand founded by my father,” said Lefebvre. “I have always been kindred spirits with Richard and we share a vision of offering excellence and leadership to our guests.

“This new partnership gives Silversea the opportunity to accelerate the growth of the most successful luxury and expedition cruising brand in the world.”

Posted on 14th June 2018 at 03:51 pm in Cruise News | Cruise Lines | Royal Caribbean | Silversea Cruises |

Special Offers More..

Last-minute getaways with Fred Olsen from just £399 per person

Last-minute getaways with Fred Olsen from just £399 per person

11 August 2018

Fred Olsen Cruise Lines is offering six last-minute offers on September sailings from just £399 per person to help guests… More...

Related News More headlines...

Double delight as Silversea combo-cruises stretch luxury at sea experience even further

Double delight as Silversea combo-cruises stretch luxury at sea experience even further

01 August 2018

Silversea Cruises has unveiled a range of Combination Cruises which join two or more select voyages into one extraordinary experience. More...

Cruise with culture as curtain goes up on ballet and opera in Silversea’s Enriched Voyages programme

Cruise with culture as curtain goes up on ballet and opera in Silversea’s Enriched Voyages programme

26 June 2018

Silversea's Enriched Voyages programme for 2018-19 blends culture, cuisine and travel to create a more immersive experience. More...

Newsletter

Join our mailing list to receive special offers and the latest news. Sign up...

Subscribe

Follow Seaview Cruises