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Spain’s Parques Reunidos buys Ananda Krishnan’s company for RM1.07b

Spain’s Parques Reunidos buys Ananda Krishnan’s company for RM1.07b

HONG KONG: Parques Reunidos Servicios Centrales SA, the Madrid-based entertainment park operator, has agreed to buy a tropical-themed resort in Germany for 226mil euros (US$256mil) or RM1.07bil.

The Spanish firm reached an agreement with a holding company of Malaysian billionaire T. Ananda Krishnan to acquire Tropical Islands Resort, according to a Tuesday filing, confirming a Bloomberg News story.

The deal is expected to be completed by February, the filing shows.

Tropical Islands Resort, located about 60 kilometers (37 miles) south of Berlin, was built in a former airship hangar and opened for business in 2004, its website shows.

Attractions include the world’s largest indoor rainforest, palm tree-lined artificial beaches, a water park featuring a “Whitewater River,” a spa complex and a miniature golf course.