What does this mean for Carnival? At this point...nothing. Approval by the UK Department of Trade does not mean Carnival’s bid for P&O is out of the running. Currently, Carnival’s offer is in the process of being examined by the European Commission. News agencies reported last month that there were problems with it but Carnival responded by saying it would sell off parts of the combined Carnival/P&O line if necessary. At the same time Carnival absolutely quenched speculation that it would be willing to sell-off Cunard.
Ultimately, the most important regulatory decision will from the U.S. because the cruise market is bigger there than other parts of the world.