Cruise

Carnival chairman sells 10 million shares

•Monday, 16 February 2015•3 min read

Carnival chairman Micky Arison has sold 10 million shares for around $433.7 million.

The cruise operator said on Friday that the shares had been sold by a trust to benefit Arison.

The sale of stock was for tax planning, estate planning and diversification purposes.

Following the sale, members of the Arison family and related entities will remain owners of about 159.2 million shares Miami-based Carnival.