Norwegian Cruise Line shareholders to reduce stake

By Tom Stieghorst
The three principal shareholders of Norwegian Cruise Line Holdings have filed to collectively sell 20 million shares of stock.

The divestment would reduce their controlling stake in the company from 86.7% to 76.9%.

Proceeds from the sale, about $600 million at current prices, would go to Genting HK, Apollo Funds and TPG Viking Funds.

Until a public offering earlier this year, the three entities had owned all of Norwegian Cruise Line.

After the sale, Genting's stake would fall from 43.4% to 38.5%; Apollo's stake from 32.5% to 28.8%; and TPG's stake from 10.8% to 9.6%.

Norwegian Cruise Line Holdings has about 204 million shares outstanding.

Follow @tstravelweekly on Twitter.

This page is protected by Copyright laws. Do Not Copy. Purchase Reprint
blog comments powered by Disqus

View Comment Guidelines

Please upgrade your Flash Player.
Please upgrade your Flash Player.

Travel Weekly Poll


  • Consumer media discover that travel agents do exist

    "Contrary to some thoughts, travel agents do exist ... We are usually able to get clients better prices, and we know we can see that clients have better experiences. And as our personal motto is: Our Service Travels With You."


TW Index: Most Active Stocks

Latest Top News:
Travel Weekly is on Facebook
Viewpoints For Travel Agents
Travel Weekly Topics