Blackstone sells stake in SeaWorld to China's Zhonghong Zhuoye
China-based Zhonghong Zhuoye Group Co Ltd will buy Blackstone Group LP’s (BX.N) 21 percent stake in SeaWorld Entertainment Inc (SEAS.N), the embattled U.S.-based marine park operator said on Friday. SeaWorld said Zhonghong Group would buy the stake for $23 per share, a premium of nearly 33 percent to the stock’s close on Thursday. Zhonghong Group – a diversified holding company for investments in real estate, leisure and […]