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Article: Blackstone to buy InBev parks ; SeaWorld, Busch Gardens in play
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- October 8, 2009
- Author:
CopyrightCopyright 2009 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Blackstone Group LP, the world's biggest buyout firm, agreed to
buy Anheuser-Busch InBev NV's amusement park business for as much as
$2.7 billion in the largest private-equity deal this year.
Blackstone, based in New York, agreed to purchase the parks unit
that includes SeaWorld and Busch Gardens, the companies said
yesterday in a joint statement. AB InBev will get $2.3 billion in
cash and as much as $400 million in extra payments depending on
Blackstone's return on the investment.
"There was a lot of doubt among investors 12 months ago as to
whether they could sell these assets," Andrew Holland, an analyst at
Evolution Securities in London, said in an interview.
The purchase tops Silver ...