More rumblings of a pending sale of Busch Gardens/ Sea World
A media report says the private equity firm Blackstone Group is closing in on a deal to buy Anheuser-Busch InBev’s theme parks such as SeaWorld and Busch Gardens.
The Wall Street Journal reported Friday — citing unnamed sources — that the firm is close to a deal to buy theme parks operated under Busch Entertainment Corp. The report says the deal is valued at between $2.5 billion and $3 billion. Neither Anheuser-Busch InBev or Blackstone is commenting on the news.
The sale of the Busch Entertainment unit, which owns the SeaWorld and Busch Gardens parks, has been expected as part of InBev’s plans to pay for its 2008 acquisition of Anheuser-Busch.
It has been rumored a deal could be reached as early as next week, sources familiar with the situation said on Friday.
Reuters has reported that – Private equity firm CVC Capital Partners has put more equity into its bid for Anheuser-Busch InBev’s ( ABI.BR ) central and eastern European (CEE) assets, two bankers close to the deal said on Friday. CVC has lifted its equity contribution to 60-65 percent of the anticipated 1.4 billion euro purchase price to clinch the sale, which is expected in the next two weeks, the bankers said.
InBev is beyond is more than halfway to its goal of selling $7 billion in assets this year. This week the brewer raised $870 million more by selling U.S. can and lid plants to Ball Corp.and Tennents Lager in Scotland and Ireland.
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