Genting Hong Kong, parent company of Star cruises, said announced that its Star NCLC subsidiary plans to sell its remaining 22.1% share in Norwegian Cruise Line Holdings (NCLH), the world’s third largest cruise shipping company.
Its current disposal manadate will expire on 24 April 2015. “In order to allow flexibility in effecting future disposal of the remaining NCLH shares at appropriate occasions, the company proposed to seek from its shareholders the Disposal Mandate which is for a period of 12 months and the selling price per approved sale share shall not be lower than US$19,” Genting Hong Kong said in a statement.
At the same time, the company said Star NCLC had sold 6.25 million NCLH shares according to the current Disposal Mandate and continues to own approximately 22.1% of interest in NCLH.
