Village Roadshow sells Wet ‘n’ Wild at a Loss

Village Roadshow has sold its Wet ‘n’ Wild water park in western Sydney to Spanish operator Parques Reunidos for $40m, resulting in a $25 million pre-tax loss.

Parques Reunidos is a leading global leisure park operator with more 60 ‘entertainment assets’ around the world, including 20 water parks.

Village will use the sale proceeds to pay down debt.

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