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Saudi state acquires stake in Carnival Corporation

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Christian Fernsby ▼ | April 7, 2020
Saudi Arabia’s sovereign wealth fund has secured an 8.2% stake in Carnival Corporation.
Carnival Corporation
Saudi Arabia   Carnival Corporation
The acquisition of 43.5 million shares in Carnival by the Gulf state’s Public Investment Fund(PIF) was disclosed in a filing to the US Securities and Exchange Commission on Monday.

Topics: Saudi acquire Carnival Corporation

It amounts to a transaction worth in the region of US $435 million according to Carnival’s share price, which closed at $10.21 on Monday.