Feb 20 (Reuters) - Carnival will unify its parallel listings in New York and London and redomicile to Bermuda, the cruise operator said on Friday. The UK‑listed Carnival Plc is expected to become a
Carnival to Unify Dual Listings, Redomicile from Panama to Bermuda
Carnival’s Listing Unification and Redomicile
Feb 20 (Reuters) - Carnival will unify its parallel listings in New York and London and redomicile to Bermuda, the cruise operator said on Friday.
What Changes for Shareholders
The UK‑listed Carnival Plc is expected to become a wholly owned subsidiary and the combined parent will continue to trade on the New York Stock Exchange.
New Corporate Name: Carnival Corporation Ltd
Move from Panama to Bermuda
The company, which is currently domiciled in the Republic of Panama, will operate under the name "Carnival Corporation Ltd" after shifting to Bermuda following the unification, the company said in a filing.
Profit Outlook and Demand
Last month, Carnival forecast an upbeat annual profit above Wall Street estimates, boosted by resilient demand from affluent travelers.
Recent Stock Performance
Its stock is up about 30% over the last 12 months.
Reporting by Angela Christy (Bengaluru)
(Reporting by Angela Christy in Bengaluru)
