Saudi Arabia’s Public Investment Fund has acquired an 8.2% stake in Carnival Corporation, the Panama domiciled and US listed holding company in the Carnival Corporation & plc group, the Bloomberg news agency reports.
Shares in the company and in its UK counterpart soared on the news.
The fund had acquired 43.5 million shares in the company that were worth $369.4 million at their closing price on Friday.
However, the shares soared to trade 22% higher at $10.41 at around midday, New York time.
Carnival plc, the UK listed and domiciled holding company in the group, closed 16.5% higher at £7.16.
