LONDON: Britain’s P&O Princess Cruises Plc has formally backed a £3.3bil merger with sector leader Carnival after it broke ties with former merger partner Royal Caribbean last week.
P&O Princess, owner of the ship used in TV’s The Love Boat, said it expected to call a shareholder meeting in late March or early April to vote on the Carnival deal, which will create the world’s biggest cruise line, with 65 ships.
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