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