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All existing Merlin attractions in the UK will remain open and it has no plans to sell any part of the business, it said. Private equity firm Blackstone - part of the investment group - said it had the "substantial resources" required to support Merlin's long-term plans "which will require significant investment to ensure its long-term success". Merlin is the second-largest operator of visitor attractions globally with more than attractions in 25 countries. It said it had already rejected several approaches.

The move comes just weeks after activist shareholder ValueAct Capital, which holds a 9. The sale means that Merlin's shares will be delisted from the London Stock Exchange, which it floated on six years ago.

Merlin chairman Sir John Sunderland said its board unanimously recommended the deal to the company's shareholders. Merlin has faced some high-profile struggles, including a crash in at one of its Alton Towers rollercoaster which injured 16 people. Visitor numbers to its attractions were also hit by the terror attacks in London and poor weather which led to a profits warning in