SPAIN - Investindustrial acquires 50% stake in PortAventura

The deal sees PortAventura become two separate companies. Investindustrial will hold a 50% stake in one of the businesses, which includes the theme park, the Caribe aquatic park, the Hotel PortAventura, Caribe Resort, Gold River, El Paso and the congress centre that is due to open at the end of 2009.

The second company, wholly owned by Criteria, includes the remaining commercial and real estate assets, three golf courses and the Beach Club.

Located in Catalonia PortAventura opened its doors in 1995, registering 3.6 million domestic and foreign visitiors in 2008. The financial backers will continue to invest in thematic park with an aim to strengthen its position.

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• Topics
• Buyouts
• Southern Europe