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Parques Reunidos linked to SeaWorld sale
POSTED 11 Oct 2017 . BY Tom Anstey
Parques Reunidos could be about to make a big splash in the attractions industry after fresh reports linked the Spanish operator with a potential takeover of SeaWorld.

Following reports last week that Merlin Entertainments was also interested in a deal for the company – something Merlin has since denied – Bloomberg cited “people familiar with the matter” who suggest that Parques Reunidos, which operates more than 60 visitor attractions worldwide, is considering a bid.

At this stage it is unclear as to whether the deal would be a full or partial takeover, with Parques Reunidos reported to be considering a “combination” with SeaWorld.

SeaWorld shares rose 3.6 per cent on Tuesday (10 October), giving the company a market value estimated at US$1.3bn (€1.1bn, £986m). Parques Reunidos, by comparison, is worth about US$1.25bn (€1.05bn, £948m).

In addition to its SeaWorld attractions, SeaWorld Parks and Entertainment also owns two Busch Gardens theme parks in Williamsburg and Tampa, the Sesame Place attraction near Philadelphia, five waterparks across the US and Discovery Cove in Orlando. It is developing an orca-free theme park in Abu Dhabi and a second Sesame Place theme park at a location yet to be confirmed.

SeaWorld has seen its share value drop 25 per cent in 2017 as CEO Joel Manby tries to turn around the company’s public image in the wake of the ongoing backlash from the 2013 documentary Blackfish, where it was alleged to be mistreating its orcas.

Attractions Management has has contacted both Parques Reunidos and SeaWorld for comment.
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Jobs . News . Products . Magazine
NEWS
Parques Reunidos linked to SeaWorld sale
POSTED 11 Oct 2017 . BY Tom Anstey
Parques Reunidos could be about to make a big splash in the attractions industry after fresh reports linked the Spanish operator with a potential takeover of SeaWorld.

Following reports last week that Merlin Entertainments was also interested in a deal for the company – something Merlin has since denied – Bloomberg cited “people familiar with the matter” who suggest that Parques Reunidos, which operates more than 60 visitor attractions worldwide, is considering a bid.

At this stage it is unclear as to whether the deal would be a full or partial takeover, with Parques Reunidos reported to be considering a “combination” with SeaWorld.

SeaWorld shares rose 3.6 per cent on Tuesday (10 October), giving the company a market value estimated at US$1.3bn (€1.1bn, £986m). Parques Reunidos, by comparison, is worth about US$1.25bn (€1.05bn, £948m).

In addition to its SeaWorld attractions, SeaWorld Parks and Entertainment also owns two Busch Gardens theme parks in Williamsburg and Tampa, the Sesame Place attraction near Philadelphia, five waterparks across the US and Discovery Cove in Orlando. It is developing an orca-free theme park in Abu Dhabi and a second Sesame Place theme park at a location yet to be confirmed.

SeaWorld has seen its share value drop 25 per cent in 2017 as CEO Joel Manby tries to turn around the company’s public image in the wake of the ongoing backlash from the 2013 documentary Blackfish, where it was alleged to be mistreating its orcas.

Attractions Management has has contacted both Parques Reunidos and SeaWorld for comment.
RELATED STORIES
Share prices rise as reports of Merlin's SeaWorld takeover mount


Merlin Entertainments is considering a bid for SeaWorld Parks and Entertainment, according to an increasing number of reports.
Lionsgate and Parques Reunidos plan Times Square attraction


Lionsgate and Parques Reunidos are bringing a new attraction to the heart of New York City, with plans to launch a branded Lionsgate entertainment centre in Times Square.
David D'Alessandro to step down from SeaWorld board as operator names Yoshikazu Maruyama new chair


Further strengthening its ties with China, SeaWorld has elected Zhonghong Zhuoye Group's (ZZG) Yoshikazu Maruyama as its new chair, also naming Donald C. Robinson as its lead independent director.
SeaWorld continuing with Chinese expansion plans despite domestic woes


Despite recent setbacks in its latest earnings report, SeaWorld continues to move forward with its Chinese expansion plans following its partial acquisition by Chinese investment firm Zhonghong Zhuoye Group (ZZG) earlier this year.
MORE NEWS
Government focuses on regional growth, with launch of £20m culture fund
Britain's minister for arts, Michael Ellis, has launched a £20m fund for culture, heritage and the creative industries to benefit towns and cities across England.
MuseumNext Europe 2018: Don't deflect responsibility on the issue of diversity
Diversity was among the topics up for discussion at this year's MuseumNext conference in London, with Shaz Hussain, assistant curator at the London Science Museum, telling delegates not "deflect responsibility" on the issue.
National Geographic uses augmented reality to create world's first open-air planetarium in Canada
National Geographic has teamed up with augmented reality provider Aryzon to create the world's first open air planetarium, using AR to project images into the night sky for a unique stargazing experience.
Comcast bid rejected as Fox agrees new merger deal with Disney
The Disney/Fox merger is back on, after Fox accepted a larger Disney offer days after Comcast attempted to hijack the deal.
+ More news   
LATEST JOBS
Groups Sales and Marketing Executive
Royal Horticultural Society
Salary: Circa £25k depending on experience
Job location: Wisley, Woking, UK
Head of Commercial Operations
The Silverstone Experience
Salary: £50,000- 55,000 pro-rata per annum + benefits
Job location: Northamptonshire, UK
Chief Operating Officer
Brooklands Museum Trust Ltd
Salary: £60,000
Job location: Weybridge, Surrey, UK
Commercial Leisure Manager - Coastal Attractions
Denbighshire County Council
Salary: £41,846 — £44,697 (plus up to £8,000 relocation allowance)
Job location: Rhyl, UK
Theming Production Manager
Merlin Entertainments Group
Salary: Competitive
Job location: Staffordshire, UK
Fastrack and VIP Team Leader
Thorpe Park Resort
Salary: Competitive
Job location: Chertsey, UK
+ More jobs  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2018

ABOUT LEISURE MEDIA
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