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Royal Caribbean ties up acquisition of Pullmantur – 16 Nov 2006

Royal Caribbean Cruises has completed the acquisition of Spanish cruise operator Pullmantur.


The deal, announced in August, is the first venture by the US cruise giant into ownership of a European brand and signals its confidence in the growing European cruise market.


Closing documents on the deal were signed on Tuesday November 14 after Royal Caribbean Cruises signed an agreement with Pullmantur’s shareholders to buy all the company’s capital stock in August. 
 
“The Royal Caribbean Cruises Ltd. and Pullmantur partnership officially begins today and we could not be happier,” chairman and chief executive officer of Royal Caribbean Cruises Richard D. Fain said. “Together, we look forward to an exciting future of expanding our brands globally.”


“We are very pleased to become a member of the Royal Caribbean family,” said Alfonso Lopez Perez, general manager of Pullmantur. “Our united company is well positioned to provide our guests with a variety of cruising options throughout the world.”    


 

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