China’s Zhonghong Zhuoye to buy Blackstone’s stake in SeaWorld

March 24, 2017 (Reuters) – SeaWorld Entertainment Inc said China’s Zhonghong Zhuoye Group Co Ltd would buy Blackstone Group LP’s stake in the embattled U.S.-based marine park operator, sending SeaWorld’s shares up 10 percent in morning trading on Friday. Zhonghong Group – a diversified holding company for investments in real estate, leisure and tourism – would buy the 21 percent stake for $23 per share, or $429 million, a premium of nearly 33 percent to the stock’s Thursday close. Private equity firm Blackstone will no longer have any interests or…

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