Posted By Cruise Market Watch ~ 23rd August 2008
Will Apollo Management acquiring three top cruise brands in ten months equal one publicly traded company?
- premium cruise line Oceania acquired April 2007 ($850 million)
- contemporary line Norwegian acquired August 2007 (50% ownership $1 billion)
- luxury cruise line Regent Seven Seas acquired February 2008 ($1 billion)
One would imagine they have a larger strategy in mind. It may not be long before we see a publically traded company that intergrates all these holdings under one umbrella.