13th Feb 2015 14:02
PANAMA (Alliance News) - Cruise operator Carnival Corporation & PLC on Friday announced that Chairman Micky Arison has advised Carnival Corporation that an entity wholly owned by a trust organised for his benefit executed a block sale of 10 million shares of Carnival Corporation common stock, nominal value of USD.01 per share, at a price per share of USD43.37 on February 13, 2015.
Arison indicated that he is selling for tax planning, estate planning and diversification purposes. All Arison Shares are held either directly or indirectly in various trusts for his benefit.
Upon the completion of this transaction, members of the Arison family and related entities would remain beneficial owners of about 159.17 million shares.
Carnival shares were down 1.9% to 2,906.00 pence on Friday, one of the worst performers in the FTSE 100.
Copyright RTT News/dpa-AFX
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