Two strategic investors that have steered Norwegian Cruise Line Holdings for more than a decade will no longer own any stock in the company following a Dec. 3 stock offering.

Norwegian said in a filing that Apollo Management Holdings and Star NCLC are selling their remaining stakes in a secondary offering.

Together, the two companies will receive $962.7 million by selling a combined 18.8 million shares. Norwegian Cruise Line Holdings said it will acquire about $85 million worth of the shares as part of an ongoing stock buyback program.

Star, controlled by Genting HK, dates its ownership stake to 2000, when it acquired Norwegian Cruise Line. In 2007, Star sold a 50% stake to private equity firm Apollo Management and various affiliates.

The two have been whittling down their stakes since 2013. Currently, Apollo is the third-largest stockholder with a 7.1% stake, coming after T. Rowe Price Associates' 10.9% and Vanguard Group's 8%, as listed in a June 12 proxy statement.

Star NCLC, with 1.7% of the stock, is the fifth-largest shareholder after Capital International Investors, another mutual fund company.

Norwegian Cruise Line Holdings has about 221.6 million shares outstanding.

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