MSC Cruises has succeeded in buying the last remaining cruiseship in the failed Festival Cruises fleet.

The Swiss-Italian company has negotiated the purchase of the 1,550-passenger European Stars (built 2002).

No price has been given but the vessel went up for auction at a base price of EUR 220m ($270m).

It will join the MSC fleet in April 2005 under the name MSC Sinfonia .

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