Candover rolls in for more amusement

Candover-backed Parques Reunidos has reportedly approached US-based recreational player Kennywood Entertainment with a purchase offer for its amusement park holdings. The move is part of the plan to consolidate the company's presence in the recreational sector around the world. Madrid-based Parques Reunidos already manages more than 60 amusement, animal and water parks in North America and Europe.

It has been reported that the deal, which is expected to close in March 2008, will not impact on the management team of the newly acquired parks.

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• Southern Europe