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Europe Daily Bulletin No. 7721

20 May 2000
Contents Publication in full By article 40 / 48
ECONOMIC INTERPENETRATION / (eu) tourism

The American-Norwegian group RCCL -ROYAL CARIBBEAN CRUISES LTD- (turnover of USD 2.54 billion in 1999), number two worldwide in cruises, and the British tour operator FIRST CHOICE (turnover of GBP 1.46 billion for 1998-99) have announced a "strategic alliance" under which RCCL will acquire 20% of the British firm for EUR 333.3 million. It will later have an option on acquiring up to 29.9% of the capital. The two partners will create a joint venture active exclusively on the European market,...

Contents

THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION