Japan's H.I.S. sells Huis Ten Bosch theme park to Hong Kong fund PAG

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The sale of Huis Ten Bosch comes as H.I.S. suffers from a protracted downturn in overseas travel. (Photo by Toshiya Wakasugi)

TARO SAEKI, Nikkei staff writer

August 31, 2022 03:36 JST

TOKYO -- Japanese travel agency H.I.S. said Tuesday that it will sell Huis Ten Bosch, a Dutch-themed amusement park in Nagasaki prefecture, to Hong Kong-based investment fund PAG.

H.I.S. will transfer its 66.7% stake in the park to PAG HTB Holdings, a special-purpose company, in exchange for 66.6 billion yen ($480 million) at the end of September. It expects to book an extraordinary profit of 64.6 billion yen from the deal for its fiscal year ending October.