OSLO, Norway, Dec. 15, 2016 /PRNewswire/ -- Awilhelmsen AS announced today that it has sold 3.6 million shares of common stock of Royal Caribbean Cruises Ltd. (NYSE: RCL) to a financial institution in a market transaction pursuant to Rule 144 of the Securities Act. Following this sale, Awilhelmsen, together with its affiliates, continues to beneficially own approximately 14% of RCL's outstanding common stock.
"This sale of shares enables Awilhelmsen to complete a transaction with its owning families, while maintaining its significant position as the largest shareholder of RCL," said Sigurd E. Thorvildsen, its chief executive officer.
Awilhelmsen is a privately owned investment company located in Oslo, Norway. Awilhelmsen was established in 1939, and was one of three founders of Royal Caribbean Cruises Ltd. in 1968. Awilhelmsen currently has the following business areas: Cruise Vacations, Real Estate, Shipping & Offshore, Retail and Financial Investments.
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SOURCE Awilhelmsen AS; Royal Caribbean Cruises Ltd.