Breaking News! Spanish newspaper Cinco Días has revealed that KKR and Investindustrial have put the resort up for sale for about €1,000 million. Do you have some money to spare?
If you were not aware, Universal used to own PortAventura back in the day. The park opened in 1995, with The Tussauds Group owning 40.0% of the park, La Caixa having 33.2%, Anheuser-Busch having 19.9%, and FECSA having 6.7%. In 1998, Universal bought the majority shares in the park, rebranding it as Universal's PortAventura. However, in 2004, NBCUniversal (Universal Studios' parent) sold all interest in PortAventura. The park is currently (but not for too long, apparently) owned by KKR and Investindustrial and operated by the latter.
The question everyone wants an answer to is: Will Universal come back to Europe? We don't have an answer as of now. Next week, Universal's parent company, Comcast, will be participating in the BofA Securities Investor Conference. We don't want you to use this article as financial advice, only with the interest of theme park design. Universal could come back, but we don't know if they will.
Also, it has been reported that they will entrust JP Morgan with the sale process. So, are you excited about the sale of PortAventura? Let us know in the comments below.
PortAventura World is a world-renowned resort and theme park located in Salou, Tarragona, Spain. It is one of Europe's most popular and expansive entertainment destinations, offering visitors a unique blend of thrilling theme park rides, shows, water attractions, hotels, shopping, and dining experiences. It features many hotels and even a Water Park. Many people don't know, but PortAventura features FerrariLand, a theme park dedicated to the car brand.
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