Parks & Resorts Scandinavia with New Investor to Foster Gröna Lund Expansion

(eap) Following the green light for Stockholm’s Tivoli park Gröna Lund to expand its area given last summer, a new shareholder is now joining the operating group company to help finance this development and enable continued growth for all parks operated by Parks & Resorts Scandinavia. The operating group welcomes the Swedish pension fund AMF to its ranks as a new shareholder, managing a total of approx. 800 billion Swedish kronor in equities, real estate, fixed-interest shares and alternative investments for some four million customers. AMF will invest in both ordinary and preferred shares, giving it a stake of around 19 percent. AMF’s investment will be made through a new issue of ordinary shares, while the remaining preferred shares that AMF has already invested in in 2020 will remain in place.

The Parks & Resorts Scandinavia group, founded in 2000 and taken over by the main owners Johan Tidstrand and his sister Helena Tidstrand in 2006, includes Gröna Lund, Kolmården, Furuvik and Skara Sommarland. The company generates annual revenues of around 1.6 billion Swedish kronor and welcomes a total of almost three million guests to its parks each year. ■