Information

My Account

Theme Park Supplier's News of the Week #12 Bolliger Mabillard, MAURER Rides, ETF Ride Systems, Lo-...

World Waterpark Association Success for WWA's 33th Symposium and Trade Show

Hong Kong Disneyland to introdoce Iron Man Experience First major Marvel attraction planned in 2016

Theme Park Supplier's News of the Week #11 Zamperla, Simworx, Electrosonic, Vortex

Theme Park Industry News Roundup #6 Liseber, Universal Parks and Resorts, IAAPA, Herschend ...

Premier Rides wins €8 million contract with Plopsa Gr... New launch coaster to open at Holiday Park in 2014

Theme Park Industry News Roundup #5 Tokyo Disney Resort, Merlin, European Star Awards

Record anniversary edition for Euro Attractions Show More than 8,500 attendees on a record exhibit floor

Top Stories
Supplier's News
WWA
Hong Kong Disneyland
Supplier's News
Industry News
Premier Rides
Industry News
Euro Attractions Show

Latest Industry News

CORPORATEPublished on January 28, 2014 NewsParcs to take an extended break

EVENTPublished on November 10, 2013 IAAPA Attractions Expo 2013 debuts next week in Orlando

CORPORATEPublished on November 10, 2013 Difficult season for Compagnie des Alpes' amusement parks

NEWPublished on October 21, 2013 Theme Park Supplier's News of the Week #12

EVENTPublished on October 21, 2013 Success for the 33th symposium and trade show of the World Waterpark...

NEWPublished on October 13, 2013 Disney to introduce first major Marvel attraction at Hong Kong...

NEWPublished on October 13, 2013 Theme Park Supplier's News of the Week #11

NEWPublished on October 13, 2013 Theme Park Industry News Roundup – Issue #6

NEWPublished on October 6, 2013 Premier Rides wins €8 million contract to build a launch coaster...

581 articles published » See all articles

Welcome!

NewsParcs is an online trade publication dedicated to theme park industry professionals worldwide.

Since 1998, we work in direct contact with manufacturers, suppliers, consultants, owners and operators to publish only reliable and relevant information.

NewsParcs, connecting the theme park industry!

Supplier's News

NewsParcs will do a full coverage of the IAAPA Attractions Expo 2013 in Orlando to have a look at the latest trends and developments of the global theme park industry.

Follow us on Twitter (@NewsParcs) from November 19 to 22 with the hashtag #IAAPA

Aqualandia purchases a 70% stake in Terra Mitica

for €65 million

Update : 23:56 Published by François Mayné the 28 June 2012, Corporate.

Aqualandia Group acquired yesterday 70.76% of the shareholding of Terra Mitica theme park located in Benidorn, in southwest Spain.

For this transaction, which amounts to €65 million (about $80,8 million), the two banking institutions Banco Sabadell CAM and Bankia sold all of their stakes (49%) while the Generalitat Valenciana (the Government of the autonomous Community of Valencia) sold 22.31% of its majority stake to maintain a slightly less than 30% stake in the hypothetical case of a land sale if the park disappears.

Aqualandia, which already owns the Aqualandia water park and Mundomar animal park Mundomar also located in Benidorn, had obtained from the government the operational management of Terra Mitica in July 2010 against two serious competitors: Parques Reunidos and Aspro Ocio Group. The management lease contract was signed for a period of 10 years and the company had a purchase option for 2015, a date that has finally been advanced earlier than expected probably due to the chaotic economic situation in Spain.

The government said that the transaction was in conformity with the law on contracts in the public sector because a tender was conducted with other national and international potential operators, adding that the main actors involved with the park development (hotels owners, tour operators and banking institutions) had expressed their support for the proposed sale.

Terra Mitica opened in 2000 with the aim to be an economic driver for the region. Born from the desire of politicians, the project was too ambitious and part of the planned attractions were never built. Despite several investments and even the arrival in the shareholding of Paramount during a few years, the park was never as successful as hoped and has accumulated debts. This transaction clears now €45 million (about $56 million) of debt allows Terra Mitica to restart on new bases.

- - -

Written by François Mayné

François Mayné Publishing Director » Contact Us
» all articles

Terra Mítica (Amusement park)
Spain

» Read more articles...

Site : www.terramiticapark.com

external links

Roundup of News
(20 articles found)

Theme Park Supplier's News of the Week #12 read more

Our Theme Park Supplier's News of the Week is a round-up of the latest news relative to companies supplying the theme park industry around the world. This weekly report covers topics such as corporate announcements, financial ...

NEW | Roundup of News - Published on October 21, 2013

Theme Park Supplier's News of the Week #11 read more

The NewsParcs' Theme Park Supplier's News of the Week is a round-up of the latest news relative to companies supplying the theme park industry around the world. This weekly report covers topics such as corporate announcements, ...

NEW | Roundup of News - Published on October 13, 2013

Theme Park Industry News Roundup – Issue #6 read more

Our Industry Roundup is a summary of the latest major news related to the theme park industry worldwide. We report news specifically on operators, owners, trade associations and related organizations, including trends, attendance...

NEW | Roundup of News - Published on October 13, 2013

Theme Park Supplier's News of the Week #10 read more

NewsParcs' Theme Park Supplier's News of the Week is a review of the latest information and news of companies supplying the theme park industry worldwide. This weekly report covers topics such as corporate announcements, ...

NEW | Roundup of News - Published on October 6, 2013

Theme Park Industry News Roundup – Issue #5 read more

NewsParcs' Theme Park Industry News Roundup is a summary of the latest major news related to the theme park industry worldwide. This Industry Roundup reports news specifically on operators, owners, trade associations and...

NEW | Roundup of News - Published on October 6, 2013

Euro Attractions Show 2013 Wrap-Up: Exhibitor's Quotes and Impressions read more

The Euro Attractions Show 2013 ended on a very positive note last week after three intensive days of business meetings and networking events...

FEATURE | Roundup of News - Published on September 29, 2013

Theme Park Industry News Roundup – Issue #4 read more

NewsParcs' Theme Park Industry News Roundup is a summary of the latest major news related to the theme park industry worldwide. This Industry Roundup reports news specifically on operators, owners, trade associations and...

NEW | Roundup of News - Published on September 29, 2013

What's new at EAS 2013? Special Theme Park Supplier's News of the Week read more

As the Euro Attractions Show 2013 is about to start at the Paris Expo Porte de Versailles exhibition center in France, NewsParcs publishes today...

NEW | Roundup of News - Published on September 15, 2013

previous
Page 1/3
next

Select Articles

more search options less search options

Magazine