Village Roadshow completes sale of Wet‘n’Wild

Company News

by Rachael Jones

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Last Updated: 17/02/2020 10:59 AM

Village Roadshow (ASX:VRL) has confirmed today that it has completed the sale of its wholly owned Wet'n'Wild Water Park in Western Sydney.

International entertainment operator based in Madrid in Spain, Parques Reunidos bought the water park from around $37 million.

The net proceeds of the sale will be used to reduce Village Roadshows debt levels.

Village Roadshow is a media and entertainment company in a diversity of fields, including cinema, theme parks, film production and distribution.

Shares in Village Roadshow (ASX:VRL) are up 2.88 per cent to $2.50

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.