Thursday, June 4, 2009

Costa Crociere Purchases 100% Interest in Iberocruceros

May 29, 2009 - Costa Crociere signed an agreement with Spanish Tour Operator Orizonia to acquire complete control of Iberocruceros.

In 2007, Costa purchased a 75% interest in the cruise line.

Iberocruceros operates three ships, the Grand Mistral, Grand Celebration and Grand Voyager, with a total capacity of 4,500 berths.

The deal is subject to ratification by the Spanish Anti-trust Authorities.

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