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HomeNewsTop holder Awilhelmsen sells 4.8m Royal Caribbean shares

Top holder Awilhelmsen sells 4.8m Royal Caribbean shares

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Awilhelmsen—one of Royal Caribbean's founders—sold 4.8m shares of RCL common stock in a transaction that enabled the Arne Wilhelmsen family to become the sole owner of the Oslo-based private investment company.

$555m

According to a filing, the shares were sold at a price of $115.57, or just under $555m.

12% stake in RCL

Following the sale, Awilhelmsent and its affiliates continue to own 12% of RCL common stock, maintaining its position as the cruise company's single largest shareholder.

The shares were sold to a financial institution.

Awilhelmsen was one of three founders of Royal Caribbean Cruises Ltd. in 1968.

TAGS: people cruise lines financial weekly
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