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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Khazanah to sell stakes in theme parks, eventually

Posted on 24 April 2012

Themed Attractions & Resort Sdn Bhd (TAR), a unit of Khazanah Nasional Bhd, will divest some or all of its investments in theme parks in the Klang Valley and Johor, says its chief.TAR, which was given an initial RM2.3 billion until 2015 to develop parks and attractions, has a majority stake in KidZania and will also wholly-own five other soon-to-open attractions in Johor.

TAR chief executive officer Tunku Ahmad Burhanuddin said Khazanah would eventually dispose of its stakes in the projects………………………………………..Full Article: Source


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