Six Flags Further Streamlines Its Portfolio With Agreements to Divest Seven Parks Six Flags Entertainment Corporation (NYSE: SIX) today announced that it has entered into agreements to divest seven parks, further streamlining its portfolio and enhancing its focus on high-growth, high-margin markets. The company expects to generate approximately $100 million in after-tax proceeds from the transactions. The seven parks being sold are located across the United States and Canada, with five of them operated under license agreements. The parks include Hurricane Harbor Oaxaca in Mexico, which will continue to be operated by Six Flags as a standalone water park. "This strategic move allows us to sharpen our focus on the most profitable and high-demand markets, while also generating significant proceeds that we can deploy towards our core business," said Mike Spanos, President and CEO of Six Flags. "We are committed to delivering exceptional experiences to our guests and creating long-term value for our shareholders." The agreements are subject to customary closing conditions and regulatory approvals. The company expects the transactions to close in the second half of 2023.#Mexico #United_States #Canada #Six_Flags_Entertainment_Corporation #NYSE_SIX #Hurricane_Harbor_Oaxaca
