Merlin Entertainments Selling 30% stake in the company...

[Mark]

As reported on Screamscape...

(6/22/10) Merlin Entertainment close to finalizing a deal to sell a 30% stake in the company to CVC Captial Partners. The final result would be a 3-way ownership deal between Blackstone, CVC and KIRKBI A/S (a private Danish holding company that owns nearly 75% of the Lego Group).

http://www.screamscape.com/html/industr ... htm#Merlin

and then...

http://www.reuters.com/article/idUSTRE6 ... vationNews

Not exactly sure what it will mean for the parks themselves but it does seem to indicate that the Dubai International Group will have sold their remaining share...

 

[Waffleman]

I don't think it'll make much of a difference to the parks individually, as obviously internal management will remain the same and whatnot, and it's not like they needed more money (making 7billion or whatever they made last year). So I don't suppose this is good or bad news, it's just.. news, but interesting nonetheless!

 

[Mark]

Tehe, glad someone found it of interest waffleman

 

[jokerman]

I agree with waffleman. I doubt we'd have even known it had changed had the news not been on Screamscape. Why would anyone ever change such a successful business?

 

[Mark]

I think the dubai international have been wanting to off load the rest of their stake for some time tbh. When I was still with Merlin it came across that the DUbai lot were virtually silent partners.

Just thought some people might find it of interest...