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Genting HK lists adjusted price for Crystal acquisition as $421.4m

Genting HK lists adjusted price for Crystal acquisition as $421.4m

Genting Hong Kong reported it acquired Crystal Cruises for an adjusted consideration of approximately $421.4m, an amount subject to the confirmation of NYK, Crystal's prior owner.

The transaction, completed May 15, had been listed as valued at $550m.

However, that amount was subject to a post-completion adjustment based on a number of financial matrices at the completion date. Those included the difference between the net working capital and target net working capital, cash and cash equivalents, and unearned revenue from customer deposits received for future voyages.

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