Iowa - Parques Reunidos, a Spanish company known for managing amusement parks, zoos, and other leisure facilities, is considering selling its American operations.
The decision comes from EQT, the Swedish private equity firm and primary shareholder of Parques Reunidos. To assist in this strategic review, EQT has enlisted the financial expertise of JPMorgan.
This review involves looking at various options for the company’s 15 leisure centers across the United States.
These options include the potential sale or merger of these assets, which could be valued at around 1 billion euros.
This move is part of a broader strategy to streamline and potentially enhance the value of the company’s holdings.
This potential sale follows a significant $8 billion merger between two major U.S. amusement park operators, Cedar Fair and Six Flags Entertainment.
Such industry consolidations can significantly influence market dynamics, making it a strategic time for EQT to evaluate its assets.
The review process is still in its early stages, and no definitive outcomes have been determined. It is expected to gain momentum after the busy summer season, which attracts the highest number of visitors to these parks.
Depending on the findings, EQT could either proceed with the sale or decide to retain the assets.
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