One of the largest theme park operators in Europe, Parques Reunidos, could reportedly be about to change hands.

According to The Times, the Spanish company – which has theme parks in six countries including Belgium and Argentina – has decided to review its options for the business and may consider a sale.

The company has been owned by private equity group Advent International since December 2003 but has asked investment bank UBS to work on the review.

If a sale goes ahead, interest is expected from operators such as the Tussauds Group alongside financial buyers such as US investment group Blackstone, owner of Merlin Entertainment and Legoland. Details: www.parquesreunidos.com