2 Mar 2016 09:35
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Merlin Entertainments Information
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Don't have an account? Click here to register.Merlin Entertainments sells Australian ski resorts for £95m
Fri, 22nd Feb 2019 07:44
(Sharecast News) - Legoland and Madame Tussauds owner Merlin Entertainments has sold its Australian ski resorts, Hotham and Falls Creek, to Vail Resorts, for AUD174m (£95m).Merlin said the purchase price represents a multiple of 8.8x 2018 EBITDA.Net proceeds from the deal, which is subject to regulatory approval and is expected to close by June, will be used for general corporate purposes. Chief executive officer Nick Varney said: "We are pleased to reach this agreement with Vail Resorts, which will allow us to focus on our core business of location based entertainment, specifically theme parks and Midway attractions."It will see the business transfer to a company with a strong track record in ski resort development, and we wish Vail Resorts and the teams in Australia well."
More News
25 Feb 2016 13:08
Thursday broker round-up
(ShareCast News) - Petrofac: Jefferies upgrades buy with a target price of 855p, JP Morgan reiterates overweight with a target of 944p and Citigroup stays at buy. Merlin Entertaiments: Panmure Gordon reiterates buy with a target price of 480 and Shore Capital stays at hold. Wentworth Resources: Inv
Read more25 Feb 2016 11:05
Merlin Entertainments faces prosecution over Alton Towers crash
(ShareCast News) - The UK Health & Safety Executive said it will prosecute Merlin Entertainments over the rollercoaster crash at its Alton Towers theme park last June, when five people were seriously injured. The HSE informed Merlin on Thursday that it will prosecute the company for breaching health
Read more25 Feb 2016 07:43
Gloss taken off Merlin Entertainments results by roller-coaster prosecution
(ShareCast News) - Profits were virtually flat for Merlin Entertainments in 2015 despite a slowdown at its theme parks division following the Alton Towers crash in June, with a later announcement that the company was to be prosecuted for the incident taking the sheen off results. The Health & Safety
Read more18 Feb 2016 16:05