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December 11, 2013

Sold half of the amusement park “Port Aventura”

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Sold half of the amusement park “Port Aventura”

The Management Company “Investindustrial”, which owns the famous amusement park on the Costa Dorada, announced the sale of part of the park (49.9% ) , to attract investment in new ambitious project BCN World. The new owner of almost half of the “Port Aventura” will be the American company and an investment fund. Thus, “Investindustrial” expects to attract the attention of foreign investors to the new city of entertainment, which will be built next to “Port Aventura” and will be called BCN World.

“Investindustrial” come to a favorable agreement with the investment fund KKR from the U.S. to sell the share owned by the amusement park. This operation will be concluded in January 2014, which was confirmed by sources in the amusement park. After signing the deal, the investment fund KKR will be a long term partner Investindustrial, but the company will retain a decisive voting right and will continue to own 50.1 % of the share capital.

Such a long-term alliance will facilitate new investment flows not only in a huge project BCN World, but also to all the Gold Coast (Costa Daurada). “Port Aventura” will actively participate in the new project and build six new hotels there. The estimated investment for the construction of hotels will be between 200 to 300 million euros.

In addition, the park management has announced that next year, in the summer, the park will host the performance of famous Canadian circus «Cirque du Soleil». The play is called «Kooza». This is the first case in Europe , where the performance of famous circus will take place in Praça attractions. If ticket sales are successful, “Port Aventura” may become a permanent place of performance of the Canadian circus show.

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