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Independent cruise port operator Global Ports said its subsidiary in Antigua struck an equity partnership agreement with Royal Caribbean Cruises.
Under the partnership agreement, Global Ports Antigua would operate and manage the cruise port facilities, with both companies parties investing in the completion of the new pier, which would allow the port to handle Oasis class ships and a material upgrade of the current and new retail and F&B facilities, the company said.
'Full financial closure including the final terms of the partnership agreement and commencement of the concession, is expected to occur before the end of July 2019,' it added.
At 8:39am: (LON:GPH) Global Ports Holding Plc share price was -17.5p at 370p