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KUALA LUMPUR (April 2): Billionaire T Ananda Krishnan and Malaysia’s third richest person according to Forbes is reported by Bloomberg to be considering the sale of a tropical-themed holiday resort in Germany.
“Krishnan and business partner Colin Au are working with an investment bank to gauge interest in Tropical Islands Resort in Brandenburg, which houses the world’s largest indoor rainforest,” Bloomberg reported “people familiar with the matter” as saying.
These people told Bloomberg that talks have been held with potential buyers “which could fetch as much as 300 million euros (RM1.43 billion).”
Ananda has been in the news lately as the tycoon’s mobile carrier Aircel Ltd in India ran into trouble.
Early last month, the company asked the Indian authorities to start bankruptcy proceedings as it’s not able to pay about 500 billion rupees (RM29.7 billion) of dues.
According to an earlier Bloomberg report, Ananda’s holding company stands to lose all the money it poured into Aircel over the past dozen years.
Tropical Islands Resort is famous for having the largest indoor waterpark in the world and is located in former Brand-Briesen Airfield in the municipality of Halbe, which is about 50km south of the German capital of Berlin.
The airfield was used by the wartime Luftwaffe and was later occupied by the Soviets at the end of the World War 2 in Europe. The airfield was later returned to the Federal Government of Germany with the reunification of the country after the fall of the Berlin Wall.
The resort can host more than 8,000 visitors a day.
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