Carnival boss nets £281million in share sale to use for tax and estate planning
The chairman of the firm that owned the fateful Costa Concordia cruise ship has sold 10million shares, netting him £281million ($433.7million).
Share sale: Micky Arison has sold 10 million shares in Carnival
Billionaire American Micky Arison said he had sold the chunk for tax and estate planning.
After the sale, the Arison family will own around 20 per cent or 159.2million shares in Carnival Corporation and Carnival Plc, the dual-listed London and New York group which is based in Florida.
Arison first alerted the market to his plan to sell shares two years ago.
Arison, who also owns the Miami Heat basketball team, stood down as chief executive in 2013 after 34 years in the role to become chairman. He is the son of the co-founder of the group.
The cruise liner operator has faced a series of disasters, including the Costa Concordia shipwreck in 2012.
The former captain of the liner was this week jailed for 16 years.
Carnival (down 63p at 2900p) has launched new ships and attempted to turn its reputation around with new marketing and investment.
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