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Royal Caribbean acquires stake in resort operator Sandals for $3 billion
Source: reuters.com
M&A & RestructuringTravel & LeisureCompany Fundamentals
Royal Caribbean Group agreed to acquire a 50% stake in Caribbean resorts operator Sandals Resorts International. The deal expands Royal Caribbean beyond cruises into land-based vacation experiences, creating a broader Caribbean leisure platform. Financial terms were not disclosed.
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