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Candover mulling over Parques Reunidos future?
Private equity group Candover is rumoured to be reconsidering its plans to float Parques Reunidos, the theme park group it acquired in 2007.
Candover, which acquired Parques Reunidos for €900m (then worth £590m, US$1.1bn) in January 2007, had signalled its intention to launch an initial public offering of the company some time next year.
It is understood, however, that a number of other private equity groups are considering bids to take over the Spain-based group, which operates theme parks, aquariums and zoos across Europe.
Candover currently values Parques Reunidos at around €2bn (US$2.5bn, £1.66bn).
Other leisure-related investments in Candover's portfolio include stakes in UK-based gaming and casino group Gala Coral and fitness equipment supplier Technogym.
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