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Legoland owner Merlin Entertainments plans share float | Legoland owner Merlin Entertainments plans share float |
(35 minutes later) | |
Merlin Entertainments, the company that owns Legoland, Madame Tussauds and Chessington World of Adventures, says it plans to issue shares to the public. | Merlin Entertainments, the company that owns Legoland, Madame Tussauds and Chessington World of Adventures, says it plans to issue shares to the public. |
Merlin operates 99 attractions in 22 countries, and has 54 million visitors to its parks a year. | Merlin operates 99 attractions in 22 countries, and has 54 million visitors to its parks a year. |
It says it is the second-largest company of its kind in the world after Walt Disney. | It says it is the second-largest company of its kind in the world after Walt Disney. |
Its other well-known attractions include Alton Towers, Thorpe Park and Warwick Castle. | Its other well-known attractions include Alton Towers, Thorpe Park and Warwick Castle. |
It operates parks around the world, and has four Madame Tussauds sites in Beijing alone. | It operates parks around the world, and has four Madame Tussauds sites in Beijing alone. |
Discount | |
The business has a turnover of £1bn a year and is thought to be worth some £3bn. | |
The share offer, which will see 20% of the company pass to public investors, is accessible to smaller shareholders with a minimum investment stake of £1,000. Shareholders will also get a 30% discount on certain entry passes for Merlin's theme parks. | |
The company, which was formed in 1999, says the number of visitors to its parks has grown by 11% a year since 2008. | |
The company's non-executive chairman, Sir John Sunderland, said: "I have been impressed by the significant growth that Merlin has delivered as a private company. | The company's non-executive chairman, Sir John Sunderland, said: "I have been impressed by the significant growth that Merlin has delivered as a private company. |
"But there is more to come and I believe Merlin has a very promising future as a publicly listed company." | "But there is more to come and I believe Merlin has a very promising future as a publicly listed company." |