Thursday , September 19 2019
Home / argentina / Lego will buy wax museum Madame Tussauds and London Eye

Lego will buy wax museum Madame Tussauds and London Eye



Lego's Danish Lego giant owner will buy Merlin Entertainment, famous for the Madame Tussauds wax museum and London Eye, for £ 5,900 million (€ 6,575 million, $ 7,475 million).

The Kirk Family Foundation, the majority shareholder, Lego, announced on Friday published on the London Stock Exchange that he was co-operating with the US investment firm Blackstone and the Canadian CPPIB Retirement Fund for this takeover bid that the board accepted. Merlin's applications.

The investor consortium proposes 455 pence for each Merlin share, meaning a significant bond premium that closed on Thursday at 395 pence on the London Stock Exchange.

Overall, buyers will spend 4.800 million pounds for Merlin shares, totaling $ 5,900 million.

"Following the unwanted approach of the investor group and after rejecting several of their proposals, Merlin's Board of Directors believes this offer is an opportunity for shareholders to capitalize on their investments", emphasizes John Sunderland, chairman of the British group.

"Merlin is a global leader in family entertainment, with a unique brand portfolio and attractions covering 25 countries and four continents, and a proven strategy that has worked for many years" He added that the management of the group unanimously recommended the bid to its shareholders.

Merlin also has popular theme parks Alton Towers and Chessington World of Adventure in Great Britain, Gardaland in Italy and Heide Park in Germany.

Kirkbi's CEO, Soren Thorup Sorensen, believes Lego and Merlin share the "same vision of their trade and culture."

Kirk is well acquainted with Merlin because he already owns nearly 30% of the British capital, which now owns Legoland's parks in the UK.

Merlin, created in 1999 and listed on the London Stock Exchange since 2013, had a turnover of 1,650 million pounds in 2018 and hosted 67 million visitors to more than 100 amusement parks in 25 countries.

Kirk, who has the support of Denmark's billionaire Kiristiansen family, has 75% control stake in the legendary giant Lego game.

"We are committed to ensuring that Legoland and other Merlin activities reach their full potential to believe that it is better to develop under private ownership, so that visitors of all ages offer fantastic experiences," Sorensen said.


Source link