A sale of the LEGOLAND Malaysia Resort is being considered.
According to a report from Bloomberg, the LEGOLAND Malaysia Resort may be sold by the sovereign wealth fund Khazanah Nasional Bhd. after a disappointing 2018. The value is expected to be around 1 billion ringgit ($245 million) including debt. Unnamed sources tipped the finance website off to the news.
The sale is being considered as non-core assets are reviewed, with the country looking to increase its investment returns following weak results in 2018. Owned by Khazanah Nasional Bhd., LEGOLAND Malaysia is operated by Merlin Entertainments.
While no final decision has been made, Khazanah will consider selling if a suitable offer is received, Managing Director Shahril Ridza Ridzuan said at press conference in Kuala Lumpur. Talks are not yet underway, although with the news out there that buyers are welcome, conversations are likely to start soon.