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Genting Hong Kong, Apollo, TPG to sell 6.58% of Norwegian Cruise Line

Reuters Published on Mon, Aug 14, 2017 / 12:02 PM GMT+8

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HONG KONG (Aug 14): Cruise operator Genting Hong Kong Ltd said it, Apollo Funds and TPG Fund have agreed to sell an aggregate 6.58% of shares in Norwegian Cruise Line Holdings Ltd with market value of US$428 million ($581.8 million) to third party investors.

Of the 15 million Norwegian Cruise Line shares to be offered for sale, Genting's unit Star NCLC will sell 7.5 million shares, or 3.29% of the cruise line, the Hong Kong listed firm said in a filing to the Hong Kong bourse late on Sunday.

Net proceeds from the sale of the 15 million shares after expenses will amount to US$409.1 million, the statement said.