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Stock Market & Financial Investment News

News Breaks
March 5, 2014
13:50 EDTNCLHGenting filing adds overhang for Norwegian Cruise Line, says Wells Fargo
Wells Fargo notes that Norwegian Cruise Line shareholder Genting filed a prospectus prior to the company's own secondary share filing last night and that some investors may be misinterpreting Genting's filing. Wells says its talks with management suggest Genting's filing was driven by Hong Kong regulations and doesn't necessarily mean the stakeholder plans to dispose of all of its 56.81MM share position in the cruise line over the next year. However, the firm says the filing from Genting could add to overhang concerns on Norwegian in the near term.
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July 14, 2014
12:29 EDTNCLHNorwegian Cruise Line reaches agreemeent for two new cruise ships
Norwegian Cruise Line announced that it has reached an agreement with MEYER WERFT GmbH of Germany to build two new Breakaway-Plus class cruise ships for delivery in the second quarter 2018 and the fourth quarter 2019. Each ship will be 164,600 gross tons and include 4,200 passenger berths. The contract price for both ships is approximately euro 1.6 billion. The company has export credit financing in place for each ship, arranged and underwritten by KfW IPEX-Bank GmbH of Germany.

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