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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.

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Investindustrial becomes the sole shareholder of

PortAventura and will invest €75 million in 5 years

Update : 20:39 Published by François Mayné the 27 November 2012, Corporate.
Criteria CaixaHolding, a subsidiary of the Spanish bank La Caixa, has reached an agreement with the Italian investment company Investindustrial for the sale of its 50% shareholding in PortAventura (Salou, Spain) for an amount of €105 million (approx $136 million).


Already in the capital of PortAventura amounting to 50% since December 2009, Investindustrial is now the sole shareholder of the Resort - which it was already the operator - that includes the theme park, the water park, 4 hotels (PortAventura Hotel, Caribe Resort, Gold River Hotel and El Paso Hotel) and the convention center. On the other hand, Criteria CaixaHolding retains 100% of the shares of another company which owns, among many assets, several lands for residential or commercial use, the golf course and the private beach (Beach Club).

This financial transaction is part of the strategy of La Caixa which had announced at the arrival of Investindustrial in 2009 that their goal was to let enter an industrial operator in order to stimulate the growth of PortAventura by investing. And indeed, the Italian group has invested in 3 years more than €80 million (approx $104 million) in many developments including the Gold River Hotel, the family themed area Sesamo Aventura and the roller coaster Shambhala.


As a result, the financial situation of the Resort has improved with an increase in attendance (3.7 million visitors in 2011, +16% compared to 2010) and an EBITDA of 57 million euros, up 100% compared to 2009. "Our goal is to reinvest about €75 million for the next 5 years," said a spokesman for Investindustrial. "We want to be recognized as a world-class destination and entertainment leader in Europe while increasing the proportion of foreign visitors to 40% against 30% today. Despite the gloomy economic situation in Spain, we believe that investing in PortAventura is really very interesting."

In a statement, a spokesman of Criteria CaixaHolding said: "Investindustrial has been a strong partner with an excellent reputation and experience in the industry which helped stimulate the growth of PortAventura. This operation ensures the continuity of the development of the Resprt which will benefit to both visitors, employees and the region."

Investindustrial, a property of the Bonomi Family, is one of the largest investment companies in the world with a portfolio valued at €3 billion. It also owns the Gardaland amusement park located in Castelnuevo Garda, Italy. For more information, please visit www.investindustrial.com
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(11 articles found)

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The non-profit organization Themed Entertainment Association is organizing its 9th annual conference on experience design SATE 2013 from October...

EVENT | NewsParcs - Published on September 29, 2013
Win tickets for Euro Attractions Show 2013 in Paris read more

Euro Attractions Show, the largest conference and trade show for the attractions industry in Europe, will be held this year from September 18-20,...

EVENT | NewsParcs - Published on July 2, 2013
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After addressing a number of topics in the first part of our 2012 retrospective, in this article we discuss the trends and major rollercoaster projects of the year, before reviewing the highlights of the leading suppliers a...

FEATURE | NewsParcs - Published on January 14, 2013
Theme Park Industry Year in Review 2012 : Part I read more

While 2013 has just begun and the glances are now turned to the coming months, NewsParcs today takes a little time to look back on 2012 one last time by presenting a retrospective of the year. In a changing world, where...

FEATURE | NewsParcs - Published on January 6, 2013
Best Wishes and a Happy New Year 2013! read more

The whole team of NewsParcs wishes you a Happy New Year 2013! If this is not yet the case, we kindly invite you to subscribe to our newsletter in order to receive - at the frequency of your choice - the summary of the ...

EVENT | NewsParcs - Published on January 1, 2013
Happy Holidays! read more

All the team of NewsParcs wishes you a merry Christmas and happy holidays! We hope to see you in early January for our next updates, beginning with the year in review! Please feel free to subscribe to our newsletter, so ...

EVENT | NewsParcs - Published on December 21, 2012
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