Royal Caribbean Cruises has completed its acquisition of ultra-luxury and expedition cruise company Silversea Cruises.
Regulators green-lighted Royal Caribbean's purchase of a 66.7 per cent equity stake in Silversea Cruises, based on an enterprise value of approximately US$2 billion.
Manfredi Lefebvre d'Ovidio will remain Executive Chairman of Silversea and retain a 33.3 per cent stake.
The companies also announced a multi-year initiative to enhance Silversea's ultra-luxury offerings. Enhancements range from product upgrades to magnified ship revitalisation programs.
With Silversea joining the RCL line-up alongside Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, TUI Cruises and Pullmantur Cruceros, the Royal Caribbean Cruises fleet now numbers 59 ships with an additional 15 on order.