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Zhonghong Group to acquire 21% equity interest in SeaWorld from Blackstone for £359m.

Synopsis

Zhonghong Group, a diversified holding company focused on strategic growth opportunities in the leisure, tourism, and culture industries, to acquire 21% equity interest in SeaWorld, a leading theme park and entertainment company from Blackstone, asset management services provider, for £359m. "Zhonghong Group is making a significant, long-term investment in SeaWorld, reflecting their appreciation of the strength of our brand, our potential to grow the company and a shared commitment to protect wildlife and the environment. Zhonghong Group has a strong track record of performance in the leisure and travel industries, and a solid management team with valuable experience in theme parks, family entertainment, and real estate development in Asia." Joel Manby, SeaWorld President and CEO.

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