Awilhelmsen Announces Sale Of 3.6 Million Shares Of Royal Caribbean To Facilitate Family Transaction
Get Alerts RCL Hot Sheet
Join SI Premium – FREE
OSLO, Norway, Dec. 15, 2016 /PRNewswire/ -- Awilhelmsen AS announced today that it has sold 3.6 million shares of common stock of Royal Caribbean Cruises Ltd. (NYSE: RCL) to a financial institution in a market transaction pursuant to Rule 144 of the Securities Act. Following this sale, Awilhelmsen, together with its affiliates, continues to beneficially own approximately 14% of RCL's outstanding common stock.
"This sale of shares enables Awilhelmsen to complete a transaction with its owning families, while maintaining its significant position as the largest shareholder of RCL," said Sigurd E. Thorvildsen, its chief executive officer.
Awilhelmsen is a privately owned investment company located in Oslo, Norway. Awilhelmsen was established in 1939, and was one of three founders of Royal Caribbean Cruises Ltd. in 1968. Awilhelmsen currently has the following business areas: Cruise Vacations, Real Estate, Shipping & Offshore, Retail and Financial Investments.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/awilhelmsen-announces-sale-of-36-million-shares-of-royal-caribbean-to-facilitate-family-transaction-300378673.html
SOURCE Awilhelmsen AS; Royal Caribbean Cruises Ltd.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- Macerich Celebrates Earth Month With ‘You Pledge We Plant’ Campaign, Industry Recognition
- Tuktu Resources Ltd. Announces 2023 Year-End Results and Reserves
Create E-mail Alert Related Categories
Press ReleasesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!