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NCL 'gets new investment'

Added: (Thu Sep 27 2007)

Pressbox (Press Release) - Norwegian Cruise Line (NCL) and NCL America have announced that Apollo Management has agreed to plough $1 million (£0.4 million) in cash equity investment into the company.

It is hoped that the development will allow the firm to expand even further, hopefully expanding the cruise options it can offer.Such investment is in the form of common stock and will take place alongside the existing sole shareholder at NCL Star Cruises.

Partner at Apollo Management Steve Martinez said that fans of world travel will no doubt benefit from the change.

"Our investment will help Norwegian Cruise Line complete its transition into the youngest fleet in the cruise industry, with a truly original next generation product with its F3 concept ships. We believe the NCL brand has significant growth potential," he stated.

NCL's newest ship, the Norwegian Gem, recently left dry dock in Germany.

Visit NCL cruises page for more information about taking a cruise with NCL and for details on other available destinations.

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