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Article: Private firm buys Busch theme parks
- Article from:
- Charleston Gazette
- Article date:
- October 8, 2009
- Author:
CopyrightCopyright 2009 Charleston Gazette. Provided by ProQuest LLC. (Hide copyright information)
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Shamu, meet your new parents. Anheuser-Busch InBev said Wednesday
it will sell its 10 theme parks across the country, including the
three SeaWorlds and two Busch Gardens, to private equity firm
Blackstone Group for at least $2.3 billion.
The world's largest brewer, based in Belgium, has been shedding
assets to help pay for the $52 billion takeover of St. Louis-based
Anheuser-Busch that formed the company last year.
The two sides confirmed the deal Wednesday, saying Blackstone
will pay $2.3 billion in cash for Busch Entertainment Corp. and give
Anheuser-Busch InBev the right to up to $400 million of Blackstone's
initial returns.
New York-based Blackstone's other investments include Universal ...