Friday, 22 June 2018 16:53

RCL buys stake in Silversea

514 silversea

Royal Caribbean Cruises Ltd is acquiring a 66.7 percent stake in privately owned Silversea Cruises for about $1 billion to fast-track its expansion into the ultra-luxury and expedition cruise market. Silversea Cruises, which has nine ships, sails to destinations including Antarctica, the Arctic and Greenland, with most of its tickets selling for more than $5,000. In contrast, the most expensive cruises run by Royal Caribbean under its Azamara Club Cruises brand cost around $3,000.

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