The Spanish cruise line Iberocruceros is now 100%
owned by Costa Cruises following the Italian company’s acquisition
of Spanish tour operator Orizonia’s 25% stake in the line.
Commenting on the deal, Costa’s chairman and CEO Pier Luigi Foschi
said: ‘Despite the fact that the current economic and financial
crisis has hit Spain harder than other European countries we remain
convinced that this market is highly significant for the cruise
industry and we see strong growth prospects here.’
Iberocruceros operates three vessels; Grand Celebration, Grand
Mistral and Grand Voyager.
