USA/China: Zhonghong Group Completes Acquisition of Equity Interest in SeaWorld
This week, SeaWorld Entertainment, Inc. confirmed that Zhonghong Holding, a wholly owned subsidiary of Zhonghong Zhuoye Group Co., Ltd. (Zhonghong Group) has now completed the acquisition of 21 percent equity interest in SeaWorld from certain funds affiliated with The Blackstone Group at a price of 23 US Dollars (approx. 21 Euros) per share (c.f. EAP news from March 27th, 2017). In connection with the closing of the share acquisition, Zhonghong Group executives Yoshikazu Maruyama, President of Zhonghong Group’s American operation, and Yongli Wang, Chief Strategy Officer of Zhonghong Group, will be appointed to the SeaWorld Board of Directors immediately after SeaWorld’s 2017 annual meeting of stockholders. (eap)
