Six Flags to Sell Ohio Park, European Assets
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From Associated Press From Bloomberg News From Reuters
Amusement park operator Six Flags Inc. said it would sell its Cleveland theme park and its European division, in separate deals that would raise $345 million to reduce debt and fund investments in its other parks.
Six Flags agreed to sell its Six Flags Worlds of Adventure park to Cedar Fair for $145 million in cash. The company also will sell its European division, which includes theme parks in Belgium, France, Germany and the Netherlands, to a private investment firm for $200 million.
Six Flags shares rose 58 cents to $8.20 on the New York Stock Exchange. Cedar Fair, which owns Knott’s Berry Farm among other parks, rose 96 cents to $35.71 on the NYSE.
From Reuters
