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LoginAccording to foreign media citing sources familiar with the matter,Malaysian billionaire Ananda Krishnan is considering selling his tropical-themed resort in Germany,Turn to focus on domestic investment。
The person familiar with the matter disclosed,Krishnan and business partner Colin Au are working with an investment bank to find interested buyers for their Tropical Islands Resort in Brandenburg,This resort has the world’s largest indoor hotspot 188bet Online Sports Betting and Casino Rainforest Park。They are already negotiating with some potential buyers interested in this project,This transaction may be worth up to 300 million euros (3.USD 700 million)。
Official information shows,Tropical Islands Resort is located 60 kilometers south of Berlin,There used to be an old spaceship hangar,Later transformed into a water park and opened in 2004。Attractions in the resort include a tropical rainforest with more than 600 species of plants、Artificial beach with rows of palm trees as the background、A water park featuring Baishui River、A hot spring complex and a miniature golf course。Official website also shows,The resort’s indoor and outdoor facilities cover an area of 100,000 square meters。
Since the Indian wireless operator Aircel Ltd controlled by Krishnan was filed for bankruptcy protection by creditors this year,He began to shift the focus of his work to the country。Bloomberg reported last month,He may focus more on Malaysian mobile operator Maxis Bhd.With pay-TV operator Astro Malasia Holdings。
Informed sources also revealed,Tanjong Plc, the holding company for part of Krishnan’s leisure and property investment businesses, holds a majority stake in Tropical Islands Resort,And Au holds the remaining shares。However,Since the negotiations are currently in an early stage,Both parties may not be able to reach a deal in the end。
Usaha Tegas Sdn, a spokesperson for Tanjong’s parent company said,The company has not yet entered into formal negotiations with any party。Neither Germany’s Tropical Islands Resort nor Au himself responded to this matter。
Informed sources disclosed in February this year,Krishnan’s Maxis Communications Bhd has lost about US$7 billion in the 12 years since it entered the Indian communications market。According to Bloomberg Rich List Index,Krishnan is the fourth richest man in Malaysia,Net worth $5.4 billion。
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