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BLACKSTONE – SALE OF SEAWORLD

7 abril, 2017

Global private equity firm Blackstone has announced the sale of its remaining shares in SeaWorld Entertainment to China’s Zhonghong Zhuoye Group in a deal worth around $449m (equivalent to $23 per share). Blackstone, which acquired the company in 2009, is expected to obtain a return of 2.7x on its investment. Based in the North America, SeaWorld Entertainment is a company engaged in the exploitation of marine animals with different entertainment parks across the US.