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Royal Caribbean Joining S&P 500

By: Caribbean Journal Staff - December 3, 2014

Above: a Royal Caribbean ship

By the Caribbean Journal staff

Royal Caribbean Cruises, Ltd is joining the S&P 500 large-cap equity index.

The company, the second-largest cruise operator in the world, will be replacing Bemis Company in the grouping, while Bemis will be replacing Concur Technologies.

The company includes the Royal Caribbean, Azamara Club Cruises, Pullmantur Cruises, Celebrity Cruises, CDF Croisieres de France and TUI Cruises brands.

The cruise line, which is based in Miami, will officially join the S&P 500 after the close of trading on Thursday, Dec. 4, according to a release.

The company will also be added to the S&P 500 GICS (Global Industry Classification Standard) Hotel, Resorts & Cruise Lines Sub-Industry index.

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