Royal Caribbean Cruises ltd (RCCL), the world’s second largest cruise shipping group, said it had reached an agreement to sell Pullmantur’s non-core businesses, the closing of which is subject to customary conditions.
“These non-core businesses include a land tour company and a Spanish travel agency. With Pullmantur’s increasing focus on Latin America, the strategic importance of these businesses to Pullmantur has diminished,” RCCL said in a statement.
While these non-core businesses are immaterial to the company’s bottom line, they do impact individual components of the income statement.
