Hurtigruten sails towards IPO or sale

“Strategic options” explored for expedition cruise line
Norway’s ferry and expedition cruise line Hurtigruten appears to be moving closer to an IPO or selling the company, according to a statement from its investor relations department.
“Please note that the ultimate shareholders of Silk Bidco, a holding company owning all of the shares of Hurtigruten AS, are exploring strategic options for their investment in Hurtigruten, which may result in an IPO or a sale of part or all of the assets or share capital of the Hurtigruten group,” the statement reads.
It adds that more information will follow soon.
Last July, Cruise Industry News reported that three companies were interested in buying the cruise operator.
TDR Capital, a UK-based private equity firm, bought Hurtigruten in autumn 2014, since which it has overseen the turnaround of the company.
It has cut costs, launched a refurbishment program and sailed the company quickly into the expedition cruise market, putting together a deal for two new expedition ships plus two options.
Cruise Industry News


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