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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
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PortAventura has expanded its offering at Ferrari Land, introducing a new children's area for visitors to the popular destination as it attempts to reach 5 million visitors in 2018.
Blackpool Pleasure Beach debuts £16.25m Icon rollercoaster
Blackpool Pleasure Beach has debuted its highly-anticipated steel launch coaster – Icon – which opens to the public today (25 May).
Omaha Henry Doorly Zoo set to launch US$22m Asian Highlands exhibit
The Omaha Henry Doorly Zoo and Aquarium is set to launch its brand new US$22m (€18.8m, £16.4m) Asian Highlands Exhibit, taking visitors to the Himalayan mountains and grasslands of Northern India.
Comcast potentially hijacking Disney's Fox deal with new bid
Disney's acquisition of Fox is in jeopardy, after Comcast confirmed plans to top Disney's US$52.4bn (€44.27bn, £39bn) offer for the company.
+ More news   
LATEST JOBS
Visitor Experience Manager
Tate
Salary: £27,769 per annum (inclusive of a £2,500 per annum MRA)
Job location: London, UK
Event Sales Manager
Madame Tussauds
Salary: Competitive
Job location: Hollywood, Los Angeles, CA, USA
Project Manager
Merlin Entertainments Group
Salary: Competitive
Job location: Lake Wales, FL, USA
Operations Manager
Legoland Discovery Centre
Salary: Competitive
Job location: Columbus, OH, USA
Aquarist
Sea Life
Salary: Competitive
Job location: Dallas, TX, USA
SEA LIFE Grounds Team Lead
Sea Life
Salary: Competitive
Job location: California, USA
+ 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
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
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PRINT SUBSCRIPTIONS
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