Mergers: Commission clears joint acquisition of Royal Carribean Holdings de España by Springwater and RCL
European Commission - Daily News
Brussels, 22 July 2016
The European Commission has approved under the EU Merger Regulation the acquisition of joint control over Royal Caribbean Holdings de España, S.L. of Spain by Royal Caribbean Cruises LTD (“RCL”) of the US and Springwater Capital LLC of Switzerland.
Royal Caribbean Holdings supplies ocean cruises in Spain, France and Portugal under the brands "Pullmantur" and "Croisières de France". The company is currently controlled by RCL. RCL is a global cruise vacation company headquartered in the United States which operates a number of global and regional cruise brands. RCL uses the following brands for the supply of ocean cruises: "Royal Caribbean International", "Celebrity Cruises", "Azamara Club Cruises", "TUI Cruises" and "Skysea Cruises". It operates these brands in Spain, Portugal, France and other countries in and outside the EU, except "Skysea Cruises" which is mainly used in China. Springwater is a private equity firm which uses the brand "Wamos Air" for the provision of air passenger transport services.
The Commission concluded that the proposed acquisition would raise no competition concerns, because of its limited impact on the market structure. The transaction was examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.8069.
(For more information: Ricardo Cardoso – Tel.: +32 229 80100; Giulia Komel – Tel.: +32 229 61175)
Source: Europa.eu (Copyright European Commission)