Royal Caribbean Cruises completed the acquisition of the 66.7% stake in Silversea for $1bn.

Royal Caribbean Cruises, a global cruise vacation company, completed the acquisition of the 66.7% stake in Silversea, an ultra-luxury cruise line manufacturer, for $1bn. “Silversea is a crown jewel, and the acknowledged leader in luxury and expedition cruising, two key markets that are poised for growth. Uniting our two companies presents an extraordinary opportunity to expand vacation options for guests and create revenue in strategic growth areas. 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," Richard D. Fain, Royal Caribbean Cruises Chairman and CEO.