Join our daily newsletter At The Bell to receive exclusive market insights
- Theme park owner Village Roadshow (VRL) is no longer trading on the ASX following a takeover by BGH Capital
- In August, Village agreed to BGH’s takeover deal, which valued the company at $758 million
- The company is the owner of the famous Gold Coast theme parks MovieWorld, Sea World and Wet’n’Wild
- The COVID-19 pandemic triggered a rollercoaster year for Village, but all its theme parks are currently open for business
- Village last traded for $3.00 per share on December 16
Gold Coast theme park owner Village Roadshow (VRL) is no longer trading on the ASX following a takeover by BGH Capital.
BGH is an Australian private equity company which has made a series of takeover bids since being founded in 2017.
In August, Village agreed to BGH Capital’s takeover deal, which saw BGH give VRL’s shareholder $3 per share held, valuing the company at $758 million.
Now, the company has received shareholder and court approval, and the deal will go ahead. With the agreement in full swing, Village Roadshow will no longer trade on the Aussie exchange.
Village is an Australian company which operates cinemas and theme parks. Its famous Gold Coast theme parks include MovieWorld, Sea World and Wet’n’Wild.
The COVID-19 pandemic made for a rollercoaster year for Village, but the former lister’s theme parks are currently open for business — just in time for summer and the school holidays.
In August, Village secured a $70 million loan facility to help keep its business afloat during COVID-19 restrictions.
Village last traded for $3.00 per share on December 16.
