Carnival's stock has plunged, with the coronavirus halting operations for the near term. Reuters

Saudi Arabia’s PIF Acquires Stake in US Cruise Operator Carnival

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), on Monday disclosed an 8.2% stake in US Carnival Corp. This comes as shares are at their best prices amid the economic repercussions, the coronavirus pandemic caused. The stake of about 43.5 million shares is worth $369.3mn as of Friday’s close. This makes the investment...

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