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P&O CRUISES CLOSER TO CARNIVAL DEAL
P&O Princess Cruises took a step closer
to a £3.5bn takeover by US Carnival by
dissolving a European joint venturj
with former suitor Royal Caribbean.
Thj axing of that deal was one of the
pre-conditions of Carnival's offeu,
which P&O will decide whether to
recommend to shareholders this month.
P&O said ending the European venturi
cost nothing. It already paid a £40m
'break fee' to Royal Caribbean.
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