Secures $500 million in additional investment from Viking

Secures $500 million in additional investment from Viking

Viking is getting an additional contribution of $500 million from its current minority shareholders, TPG Capital and the Investment Board of Canada Pension Plan.

"In the cruise industry, over 40 years have taught me that difficult times, such as these are often times of great innovation and opportunity as well said Viking Chairman Torstein Hagen. "This equity capital infusion will prepare us for future opportunities to continue to develop our company."

Among the new developments: Viking has built a full-scale Viking Sea PCR laboratory with plans to mount it on all ocean vessels. The new laboratory "has sufficient capacity for every crew member and guest to be tested daily, which provides flexibility to respond to COVID-19 prevalence levels around the world," Viking said.

According to MayoClinic.com, the PCR test identifies genetic material of the virus using a lab technique called polymerase chain reaction (PCR).

A health care worker, also called a molecular examination, extracts fluid from a nasal or throat swab or from saliva. If analyzed onsite, findings can be available in minutes. ... When properly done by a health care professional, PCR tests are very precise, although certain instances can be missed by the fast test.

In August 2022, Viking is also preparing to begin a Mississippi River operation and is constructing two exploration ships targeted for delivery in 2022.

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