| Carnival Corp in talks to sell Seabourn? 26 May 22

CARNIVAL Corporation is understood to be in preliminary discussions to sell its upmarket eight-vessel Seabourn Cruise Line brand to Saudi Arabia’s sovereign wealth fund.

American media organisation CNBC broke the news, citing “people familiar with the situation” although Carnival declined to comment.

The Saudi fund bought 5.1% of Carnival in the early stages of the COVID-19 pandemic in 2020.

CNBC noted that the talks to sell Seabourn came in the same week that Carnival Corporation raised about USD$1 billion in debt markets, at an interest rate of about 10% per annum.