Radar > 239076

Parques Reunidos signs agreement with SUN Group to enter Vietnam

Parques Reunidos firma un acuerdo con SUN Group para entrar en Vietnam

Intel ID : 239076
Synopsis

Parques Reunidos (BME:PQR), based in Spain, arrived in Vietnam after signing a 10-year agreement with SUN Group, an India-based private equity firm, for the operation of amusement parks, announced the company in a press release issued on 27 July 2016.

Specifically, the agreement includes the advisory and operation by Parques Reunidos of the leisure zone Ha Long Ocean Park, comprised of two parks: a theme park and a water park, both located in the city of Ha Long.

The two centers are expected to open in 1H17.
(content in spanish)

Parques Reunidos (BME: PQR) ha desembarcado en Vietanm tras firmar un acuerdo de 10 años con SUN Group, firma de private equity india, para la gestión de dos parques de ocio, según ha informado la propia compañía en una nota de prensa el 27 de julio de 2016.

En concreto, el acuerdo incluye el asesoramiento y la gestión, por parte de Parques Reunidos, de la zona de ocio Ha Long Ocean Park, que está compuesta por dos parques: uno temático y otro acuático, ambos situados en la ciudad de Ha Long.

Está previsto que los dos centros abran sus puertas durante el primer semestre de 2017.

Relevant Documents


Intel ID 239076
Value ND
Native Currency Euro (EUR)
Financial Data - Parques Reunidos
(31 Dec 2019)
Revenue: EUR 698,59m
EBITDA: EUR 134,69m
Net Debt: EUR 506,66m
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Sports and Leisure (Primary)
Primary Sector (TTRSC)
15.10.08 Sports, Recreation & Entertainment
15 Consumer Products & Services / 15.10 Travel, Hospitality & Leisure

Country
Website
Description

Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.