Announced
Completed
Financials
Tags
cruise ships
holiday planners
Acquisition
Majority
yachts
Travel and Tourism
Friendly
Germany
travel services
Merger
Private
Single Bidder
Completed
Synopsis
Royal Caribbean Cruises, a cruise holding company, completed the acquisition of a 50% stake in Hapag-Lloyd Cruises, a provider of ships, yachts and travel services, from TUI, a travel and tourism company, at a $1.3bn valuation. "TUI and Royal Caribbean Cruises have developed the joint venture company on the basis of a strong partnership over the past ten years. The expansion decision is the next big step of growth for us - from a strategic and a commercial perspective,” Fritz Joussen, TUI CEO.
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