Prestige Cruises Scraps IPO Plans

  • Business & Finance

Luxury cruise liner Prestige Cruises International pulled back from an initial public offering in a filling with the US regulators dated on Monday, January 12th.

The company initially filed for a USD 250 million IPO in January 2014.

However, cruise operator Norwegian Cruise Line Holdings Ltd. revealed intentions in September last year to take over Prestige Cruises International, for a total transaction consideration of USD 3.025 billion, including the assumption of debt.

The acquisition was wrapped up in November.

Miami, FL-based Prestige is the parent company of Oceania Cruises and Regent Seven Seas Cruises.

Prestige operates eight ships and approximately 6,500 berths under two segment-leading brands.

Oceania Cruises operates in the upper-premium cruise segment with five ships.

Regent Seven Seas Cruises operates three all-suite ships, with an additional ship on order slated for delivery in summer 2016.

World Maritime News Staff; Image: Prestige Cruises

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