Norwegian Cruise Line Holdings confirmed it has entered into a definitive agreement to acquire Prestige Cruises International, the parent of Oceania Cruises and Regent Seven Seas Cruises. The cash and stock deal is valued at $3bn, including the assumption of debt, and is expected to be immediately accretive.
Update: Tuesday pre-session trading in NCLH shares was halted on the NASDAQ, pending the release of material news.
Norwegian Cruise Line may be close to acquiring Prestige Cruises International, the parent of Oceania Cruises and Regent Seven Seas Cruises, in a deal valued at about $3bn, Reuters reported Sunday.
Rumors that such a deal was in the works have been quietly circulating in recent months.
Trondheim, the historical capital of Norway, hosted cruise line representatives from the UK, Germany, Italy, France and the US today on Cruise Norway and partners 2014 site inspection.
Touring Quantum of the Seas at Meyer Werft this week, top retailers were wowed.
Quantum of the Seas will have a giant 20% leap in fuel efficiency per available passenger day over Oasis and Allure of the Seas through myriad initiatives including an innovative air lubrication system. The ship will ride on a carpet of drag-reducing micro-bubbles that, at speed, is expected to cut fuel consumption a net 7% to 8%, according to Harri Kulovaara, evp maritime for Royal Caribbean Cruises Ltd.
Total ships: 31
Total berths: 100,075
Total Order Book Value:$23,939,948,000.00
Average Price Per Berth:$267,583