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Could This Be True? Carnival Corp. in Talks to Sell Seabourn to Saudi Investment Fund.

Cruise Industry News reports that a CNBC reporter makes that claim.

Cruise Industry News reports that Carnival Corporation "just might" be in talks with the Public Investment Fund of Saudi Arabia to sell their luxury cruise line, Seabourn, to the fund. This report is based on a tweet from CNBC reporter Seema Moody who tweeted the following:

"Carnival in discussions to sell Seabourn brand to Saudi sovereign wealth fund, per sources. Talks are still ongoing, no deal finalized as of yet. Comes 1 week after Carnival went to the debt market to raise $1B at 10% yield. Saudis currently own 5.1% stake in CCL."

The report went on to say that in an email sent to Cruise Industry News on Tuesday afternoon, a spokesperson for Carnival Corporation said: "We don't comment on rumor and speculation."

Cruise Saudi, according to their website, formed to develop the infrastructure and services required to scale a full-suite cruise market along the Saudi coastline recently appointed industry The veteran Lars Clausen as CEO and they intend to aggressively pursue growth in the cruise industry.



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