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Theme Park Supplier's News of the Week #12 Bolliger Mabillard, MAURER Rides, ETF Ride Systems, Lo-...
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Record anniversary edition for Euro Attractions Show More than 8,500 attendees on a record exhibit floor
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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
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
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.

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EAS 2013 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.

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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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CORPORATE | NewsParcs - Published on January 28, 2014
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Difficult season for Compagnie des Alpes' amusement parks read more

The Compagnie des Alpes leisure parks recorded disappointing financial results during fiscal year 2012/2013 which ended on September 30. The...

CORPORATE | Compagnie des Alpes - Published on November 10, 2013
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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 ...

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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
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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...

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