Italian PE Firm Drops $134M On CaixaBank Theme Park Stakes

Law360, New York (November 5, 2012, 1:56 PM EST) -- Italian private equity firm Investindustrial Group has inked a deal to take full control of a Spanish amusement park by buying up the remaining stakes held by a CaixaBank SA unit for about €105 million ($134 million), the companies announced Monday.

Criteria CaixaHolding will hand over its 50 percent stake in PortAventura but will retain its full ownership of adjacent land used for residential and retail developments and a golf club, according to a statement.

Details of the deal, such as how it will be financed,...
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