Genting HK, TPG, Apollo to sell 6.58% of Norwegian Cruise Line

Hong Kong

CRUISE operator Genting Hong Kong Ltd said it, Apollo Funds and TPG Fund have agreed to sell an aggregate 6.58 per cent of shares in Norwegian Cruise Line Holdings Ltd with a market value of US$428 million to third party investors.

Of the 15 million Norwegian Cruise Line shares to be offered for sale, Genting's unit Star NCLC will sell 7.5 million shares, or 3.29 per cent of the cruise line, the Hong Kong-listed firm said in a filing to the Hong Kong bourse late on Sunday.