CANDOVER INVESTMENTS PLC - Partial Realisation of Investment in Parques Reunidos
05 January 2017 - 9:59PM
PR Newswire (US)
5 January 2017
Candover Investments plc
Candover Investments plc ("Candover")* today announces a partial
realisation of its investment in Parques Reunidos ("Parques") which
is managed by Arle Capital Partners Limited ("Arle"). This
realisation follows a first partial realisation completed at the
time of the initial public offering of Parques in April 2016.
Candover has disposed of 26% of its interest in Parques for cash
proceeds of approximately €9.9 million (£8.4 million).
Candover's remaining interest in Parques is valued at €30.4 million
(£25.9 million) at the closing price of Parques on 4th January 2017 and is subject to a 90 day lock
up. Candover's interest in Parques was valued at £29.1 million in
its unaudited accounts for the period ended 30th June 2016.
Candover's retained interest in Parques of 2.47% will continue
to be managed by Arle, along with the remaining interests of the
Candover 2005 Fund.
Ends.
* Candover means Candover Investments plc and/or one or more of
its subsidiaries
For further information, please contact:
Candover Investments plc
Malcolm Fallen,
CEO +44 20 7489 9848
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