Genting HK and partners cut stakes in Norwegian Cruise Line


KUALA LUMPUR: Genting Hong Kong Ltd and two other shareholders of Norwegian Cruise Line Holdings Ltd (NCLH) are reducing their stakes in the global cruise company.

Star NCLC Holdings Ltd, a unit of Genting Hong Kong, together with Apollo Global Management LLC-affiliated funds and TPG Viking Funds have entered into underwriting agreement with three banks to offer a total of 15 million shares in NCHL for sale, according to stock exchange filings by NCLH.

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