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Malaysian billionaire Ananda sells German resort for RM1bil

By TOH KAR INN
Expansion plan: The sale of Tropical Islands Resort, which has an annual visitor count of 1.3 million, is likely to be completed by February.

PETALING JAYA: Tycoon T Ananda Krishnan has sold Tropical Islands Resort in Krausnick, Germany, for €226mil (RM1.07bil).

Spain’s Parques Reunidos Servicios Centrales SA is the buyer of the tropical-themed holiday resort and the deal is likely be completed by February.

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Ananda Krishnan , Resort , sell , Spain , German , Bumi Armada , oil ,

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