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Genting Hong Kong sells a further 2.19% stake in Norwegian Cruise Line

Michelle Zhu Published on Fri, Nov 17, 2017 / 11:15 AM GMT+8

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SINGAPORE (Nov 17): Genting Hong Kong will further dispose of 5 million shares in Norwegian Cruise Lines Holdings (NCLH) after having already sold 7.5 million shares or a 3.29% stake in the cruise line, to third party investors in August.

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

In an announcement on Friday morning, the group says its wholly-owned subsidiary Star NCLC on Nov 15 agreed to sell another 5 million shares in NCLH, which represents a 2.19% stake in the company, for an aggregate value of US$275.4 million ($372.9 million).