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COPENHAGEN, Denmark (AP) - Danish toy maker Lego Co. announced Wednesday that it will sell four Legoland amusement parks to U.S.-based private equity company the Blackstone Group for 375 million euros ($456 million).
Blackstone plans to fold Legoland Parks into its newly acquired subsidiary Merlin Entertainments Group, which already operates 28 attractions in eight European countries under the Sea Life, Dungeons and Earth Explorer brands, to form the second largest visitor attraction business in Europe with some 12 million visitors per year.
The Tussauds Group, famed for its waxworks museums, is currently the largest operator of visitor attractions in Europe.
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