Royal Caribbean Group completed the acquisition of the remaining stake in Silversea for $245m.

Royal Caribbean Group, a cruise line brand, completed the acquisition of the remaining stake in Silversea, a luxury cruise line with its headquarters in Monaco, for $245m. The remaining one-third stake held by Heritage Cruise Holding was paid for in the form of 5.2m shares of Royal Caribbean Group common stock, which represents about 2.5% of the total common stock. "Silversea has been a great fit for our company from the very first day. The cultures of the two organizations have proven to be harmonious, and guests have responded favorably to the combination," Richard D. Fain, Royal Caribbean Group Chairman and CEO.