Carnival Corporation acquires port, railroad and retail operations in Alaska
Jun. 7, 2018 7:47 AM ET|About: Carnival Corporation (CCL)|By: Niloofer Shaikh, SA News Editor
Carnival Corporation (NYSE:CCL) entered into a purchase and sale agreement to acquire TWC Enterprises Limited's White Pass & Yukon Route (WP&YR) division, which includes White Pass' port, railroad and retail operations in Skagway, Alaska.
The transaction is expected to close on July 31.
"As the gateway to the legendary Klondike Gold Rush region, Skagway is beloved by our guests and crew for its warm hospitality and distinctively Alaskan array of sightseeing and recreational activities," said Stein Kruse, group CEO of Carnival Corporation & plc's Holland America Group and Carnival UK. "We are delighted that the Skagway port will continue to be locally owned and independently operated by an Alaskan company. Along with Survey Point, we have a long and valued history in Alaska, and remain very committed to the continued development and success of the entire region as one our most popular destinations."
Jun. 7, 2018 7:47 AM ET|About: Carnival Corporation (CCL)|By: Niloofer Shaikh, SA News Editor
Carnival Corporation (NYSE:CCL) entered into a purchase and sale agreement to acquire TWC Enterprises Limited's White Pass & Yukon Route (WP&YR) division, which includes White Pass' port, railroad and retail operations in Skagway, Alaska.
The transaction is expected to close on July 31.
"As the gateway to the legendary Klondike Gold Rush region, Skagway is beloved by our guests and crew for its warm hospitality and distinctively Alaskan array of sightseeing and recreational activities," said Stein Kruse, group CEO of Carnival Corporation & plc's Holland America Group and Carnival UK. "We are delighted that the Skagway port will continue to be locally owned and independently operated by an Alaskan company. Along with Survey Point, we have a long and valued history in Alaska, and remain very committed to the continued development and success of the entire region as one our most popular destinations."
