Medusa42 Posted April 27, 2019 Report Share Posted April 27, 2019 If this offer is accepted, which pieces of Parques Reunidos should be sold off and what publicly listed company should they merge the remaining company with? http://www.inparkmagazine.com/parques-buyout-offer/ Quote Buyout offer presented for Parques Reunidos; company will go private under three joint owners April 26, 2019 — Today, Parques Reunidos announced that it has received an offer by Piolin Bidco, S.A.U. to purchase 100% of the company’s stock for approximately US$703 million. Piolin is the Spanish name for the Looney Tunes character Tweety Bird, who currently appears under license from Warner Bros at Parque Warner Madrid, one of Parques Reunidos’ parks. According to filings with Spanish securities regulators, Parques Reunidos’ two largest current shareholders, Corporación Financiera Alba S.A and Groupe Bruxelles Lambert (GBL), are participating as minority shareholders in the Piolin joint venture, owning 26.03% and 26.96% of Piolin respectively. Alba and GBL currently are represented on the Parques Reunidos Board of Directors, with two seats each. The remaining 50.01% of the Piolin partnership is owned by EQT Infra IV, a fund managed by Swedish investment firm EQT Fund Management S.à r.l. Parques Reunidos owns or manages under contract more than sixty theme parks, zoos, and attractions in Europe, Dubai, Australia and the United States. Recent openings include the Atlantis Aquarium and Nickelodeon Adventure LBE center in Madrid, and the Ducati World themed land at Italy’s Mirabilandia theme park. In the United States, Steelers Country (pictured above) at Pittsburgh’s Kennywood Park, with its Steel Curtain roller coaster, and the Cartoon Network Hotel, located next to the Dutch Wonderland theme park in Lancaster, Pennsylvania, are scheduled to open later this year. https://www.nasdaq.com/article/piolin-bidco-launches-takeover-bid-for-spains-parques-reunidos-20190426-00149 Quote Piolin BidCo launches takeover bid for Spain's Parques Reunidos April 26 (Reuters) - Investment vehicle Piolin BidCo said on Friday it has launched a takeover bid for Spain's Parques Reunidos for 14 euros($15.59) per share, including a premium of 29 percent, valuing the company at around 1.13 billion euros. The takeover offer is for 55.79 percent of the Spanish amusement park operator's shares, excluding the 44 percent already in the hands of the bidders that control the investment vehicle. Piolin (the Spanish name for Warner Bros Tweety Pie animation) Bidco is 50.01 percent owned by the investment company EQT, 23.96 percent owned by Miles Capital (Groupe Bruxelles Lambert) and 26.03 percent owned by Alba Europe (Corporacion Financiera Alba ). Parques Reunidos' share price jumped as much as 29 percent after the offer in early trade, the highest in 10 months. ($1 = 0.8978 euros) Quote Link to comment Share on other sites More sharing options...
Pineracer Posted April 27, 2019 Report Share Posted April 27, 2019 Now this could happen, unlike Hershend buying over Texas Quote Link to comment Share on other sites More sharing options...
Medusa42 Posted June 20, 2019 Author Report Share Posted June 20, 2019 Spanish regulators and the EU have approved this deal. It should be completed by mid-July. Then we have to wait for the fun to begin. Quote Link to comment Share on other sites More sharing options...
Gavinv Posted July 13, 2019 Report Share Posted July 13, 2019 What are your theories for this? I am concerned that the company will go private again. Their parks were run into the ground when they were owned by the private firm. When it went public in the Spanish stock market the investments into the American parks greatly improved. I am concerned. Let me know your thoughts. Quote Link to comment Share on other sites More sharing options...
Medusa42 Posted October 5, 2019 Author Report Share Posted October 5, 2019 (edited) http://twitter.com/ThemedReality/status/1180251366310047744 Quote Parques Reunidos will host a shareholders meeting on Oct 27 to conduct voting on: delisting of the company from public trading and dissolution of the company's board of directors, replaced by a single director, José Díaz, the current CEO...., 3:40 PM - 4 Oct 2019 As part of the transition, Palace Entertainment's debt has been combined with Parques Reunidos primary debt (not including Faunia, Marineland, and Tropical Islands) and will be refinanced with the acquisition company Piolin acting as lender. 3:42 PM - 4 Oct 2019 Edited October 5, 2019 by Medusa42 Quote Link to comment Share on other sites More sharing options...
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