Royal Caribbean Announces Purchase of Pullmantur S.A.

In a move to further expand its European and Latin American operations, Royal Caribbean Cruises Ltd. announced Thursday its agreement to purchase Pullmantur S.A., a Madrid-based cruise and tour operator. Royal Caribbean expects the acquisition to be completed by the fourth quarter of 2006, subject to regulatory approvals. Pullmantur, formed in 1971, is the largest cruise operator in Spain. It has two primary business interests: cruises and tour operations.

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