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The
loss-making Benidorm theme park has seen a recent recovery in cash
flow
The
Terra Mítica theme park in Benidorm is up for sale with the
main shareholders in talks to sell either their shares or the running
of the park.
Those
shareholders are the Caja Mediterrándeo CAM, Bancaja and
Sociedad Proyectos Temáticos, and any deal reached could
be joined in with by smaller shareholders.
Chairman
of Terra Mítica, David Lladró, told a shareholders’
meeting that they had assembled 84.31% of the capital for the sale.
The
EBITA for the park increased by 50% last year despite the recession,
but losses after tax were still 16.4 million €.
The
Chairman said that are three leisure groups reportedly interested
in making a purchase, but he declined to name them at this stage.
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