The Traderszone Network

Published in TZ Latest News 31 August, 2014 by The TZ Newswire Staff

Exclusive: Norwegian Cruise nears $3 billion Prestige Cruises deal – sources

A deal would give Norwegian Cruise, a company with a market value of $6.8 billion, access to Prestige Cruises’ luxury cruise ships and affluent clientele as it competes with bigger rivals Royal Caribbean Cruises Ltd (RCL.N) and Carnival Corp (CCL.N). The owner of Prestige Cruises, private equity firm Apollo Global Management LLC (APO.N), also owns a 20 percent stake in Norwegian Cruise.