<\/p>\n
\u00a0Royal Caribbean Group has purchased the remaining shares of Silversea Cruises, a company specializing in ultra-luxury and expedition cruising.<\/p>\n
The remaining one-third stake held by Heritage Cruise Holding Ltd. was paid for in the form of 5.2 million shares of Royal Caribbean Group common stock, which represents about 2.5% of the total common stock.<\/p>\n
The move to full ownership comes two years after Royal Caribbean Group acquired a two-thirds share of the cruise line in July 2018.<\/p>\n
“Silversea has been a great fit for our company from the very first day,”<\/em> said\u00a0Richard D. Fain<\/strong>, Chairman and CEO of Royal Caribbean Group.<\/p>\n “The cultures of the two organizations have proven to be harmonious, and guests have responded favorably to the combination.”<\/em><\/p>\n Manfredi Lefebvre d’Ovidio, who took over the company from his late father, will serve as chairman of Silversea. Roberto Martinoli will remain the brand’s president and CEO.<\/p>\n “Manfredi and Roberto have brought a fresh point of view to our company, as well as deep knowledge of their brand’s unique audience,”<\/em> Fain said. “Their skills \u2013 and Manfredi’s inimitable style \u2013 will continue to play an important role in growing Silversea into the future.”<\/em><\/p>\n “We share a vision about the bright future of cruising, and I look forward to being a shareholder in the broader Royal Caribbean Group,”<\/em> said Lefebvre.<\/p>\n<\/p>\n The post Royal Caribbean buys remaining stake in Silversea Cruises<\/a> appeared first on Offshore Energy<\/a>.<\/p>\n world maritime news<\/p>\n","protected":false},"excerpt":{"rendered":" \u00a0Royal Caribbean Group has purchased the remaining shares of Silversea Cruises, a company specializing in ultra-luxury and expedition cruising. The remaining one-third stake held by Heritage Cruise Holding Ltd. was paid for in the form of 5.2 million shares of Royal Caribbean Group common stock, which represents about 2.5% of the total common stock. The …<\/p>\n","protected":false},"author":1,"featured_media":13372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[1274,2052,1964,7990,1527,6704,1254],"class_list":["post-13371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-buys","tag-caribbean","tag-cruises","tag-remaining","tag-royal","tag-silversea","tag-stake"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/13371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=13371"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/13371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/13372"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=13371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=13371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=13371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}