Form 8-K ROYAL CARIBBEAN CRUISES For: May 10
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Royal Caribbean Cruises (RCL) Enters Joint Venture with Springwater Capital
May 10, 2016 8:34 AM EDTRoyal Caribbean Cruises Ltd. (NYSE: RCL) and Madrid-based private equity firm Springwater Capital ("Springwater") today announced an agreement to form a joint venture dedicated to bringing culturally authentic, best-in-class cruise experiences tailored to Spanish and French tourists through the management of the Pullmantur and Croisières de France ("CDF") cruise brands.
As part of the terms of the agreement, RCL will sell a 51 percent stake in Pullmantur and CDF to Springwater. RCL will have a 49 percent stake, and retain full ownership of the ships and planes currently operated by Pullmantur and... More
