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Stocks R / Royal Caribbean Cruises


Subject:  Acquisition... Date:  8/31/2006  1:10 PM
Author:  rev2217 Number:  467 of 490


Royal Caribbean Cruises Ltd. (NYSE: RCL) just issued a press release ( announcing the purchase of Pullmantur S. A., a Spanish cruise and tour company with five ships. The transaction will close by the end of the year, subject to regulatory approval. With the acquisition, the company gains a significant presence in the European cruise market, which is growing rapidly. Pullmantur S. A. will continue to operate under that brand and to market its products primiarly in Europe and in Latin America.

I suspect that Pullmantur's ships are smaller thatn most of the vessels of both Celebrity Cruises and Royal Caribbean International. I'll try to post the statistics when I get a chance to look them up.


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