Awilhelmsen Sells 4.8 Mn Shares of Royal Caribbean Cruises
- Business & Finance
Norwegian investment company Awilhelmsen AS has sold 4.8 million shares of common stock of Royal Caribbean Cruises.
Awilhelmsen, one of three founders of Royal Caribbean Cruises, sold the shares of the Miami-based cruise company to a financial institution in a market transaction pursuant to Rule 144 of the Securities Act.
As a result of the transaction, the Arne Wilhelmsen family became the sole owner of Awilhelmsen and following the sale of RCL shares, Awilhelmsen, together with its affiliates, continues to beneficially own 12% of RCL 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,” Sigurd E. Thorvildsen, Awilhelmsen Chief Executive Officer, said.
The privately owned investment company operates in the following business areas Cruise Vacations, Real Estate, Shipping & Offshore, Retail and Financial Investments.