Two major shareholders of Norwegian Cruise Line Holdings (NCL) have dumped all their remaining holdings.
The Miami owner said Apollo Global Management and Genting's Star NCLC Holdings sold 18.87m shares at $51 each, bringing in $962m, which NCL will not see any of.
“Apollo Global Management and our other sponsors played key roles in the turnaround and expansion of Norwegian Cruise Line Holdings," said CEO Frank Del Rio.
"We could not have asked for a better business partner than Apollo and we are grateful for their support and contributions over the last eleven years.”
He added: “As we look ahead to the next chapter of Norwegian’s storied history, we find our company at an inflection point to further maximize shareholder returns by building on our key strengths, executing on our disciplined newbuild program and continuing to deliver strong financial results.”
NCL has not disclosed details of new shareholders.
But it bought back $85m of its own stock from underwriter Morgan Stanley.
It has $600m of its $1bn buyback programme still to spend.
As of March 2017, Apollo owned 15.8%, Genting 11.1% and TPG Capital 2.3% of NCL following other big stake sales in recent years. Genting had 37.5% in 2014.
