Parques Reunidos Receives 33 Million Euro Cash Injection

[ECG]

Spanish theme park group Parques Reunidos has received a €33 million ($45.36 million) cash injection. The new funding comes from Investor Arle Capital and is intended to be used for growth in the European and USA markets. Parques Reunidos has not disclosed which of their attractions and projects will specifically receive the new capital.
The theme park group operates over 50 parks in almost a dozen countries including Parque de Atracciones de Madrid, Parque Warner Madrid, Kennywood, Lake Compounce, Mirabilandia, Tusenfryd, Movie Park Germany, Bobbejaanland, BonBon-Land and the American chain of Boomers family entertainment centers.
Parques Reunidos has an annual average of 26.2 million visitors, according to the company website , indicating that it ended the year 2011 with a turnover of €543 million ($746.4 million).

Source (in Spanish): http://www.hosteltur.com/152040_parques-reunidos-recibira-inyeccion-33-m.html

 

[peep]

Doesn't seem like a lot of money considering how many parks they own. Will be interesting to see what parks benefit from the new cash. Hope Parque warner get some.

Sent from my C6903 using Tapatalk

 

[Gavin]

That's **** all for a company that size.

I wouldn't expect anything major to come directly from this investment. I'd bet that it will be eaten up through advertising.

 

[Lofty]

Yeah - considering they also operate another 57 singular attractions such as water parks, aquariums, zoos, interactive museums & cable cars...

 

[TilenB]

^ Operating a watermark really eats up a lot of money, so I'm with you on this one.

 

[Lofty]

^ Operating a watermark really eats up a lot of money, so I'm with you on this one.

Bitch. Thanks for the heads up

 

[Martyn B]

I knew they had a **** load of parks in Europe, but I had no idea about the parks in the States!

They must be the biggest park operator's in the world?

 

[Intricks]

I remember when the new ownership got announced for Kennywood.

Some news lady got fired for telling folks to not worry about it for it wont become a taco stand.