Norwegian completes Prestige Cruises deal

Norwegian Cruise Line has completed its previously-announced acquisition of Prestige Cruises International, the market leader in the upscale cruise segment and parent company of Oceania Cruises and Regent Seven Seas Cruises.

The deal came in for a total of $3.025 billion in cash and stock, including the assumption of debt.

With this acquisition, Norwegian Cruise Line Holdings operates a portfolio of brands that span all market segments in the cruise industry, from contemporary to upper-premium to luxury. 

Each brand offers differentiated experiences in their respective segments. 

The Norwegian Cruise Line brand provides the freedom and flexibility of a resort-style vacation on board some of the most innovative ships in the industry with its unique Freestyle Cruising proposition. 

Commenting on the closing of the acquisition, Kevin Sheehan, president and chief executive officer of Norwegian Cruise Line Holdings, said:

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