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Oct. 21, 2015, 2:34 a.m. EDT

Merlin sets up JV to open Legoland in Shanghai

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By Jana Simmons

LONDON--Merlin Entertainments PLC (MERL.LN) and China Media Capital said Wednesday they are setting up a joint venture to develop a Legoland Park in the Shanghai area and explore other opportunities to develop visitor attractions in China.

Merlin has five attractions in China--Madame Tussauds in Shanghai, Hong Kong, Beijing and Wuhan, and Chang Feng Ocean World aquarium in Shanghai--and has plans to open three further attractions in the next 18 months--Legoland Discovery Center Shanghai, and a Madame Tussauds and Sea Life aquarium in Chongqing.

"China is a key growth market for the group and we see this partnership as providing a significant opportunity to accelerate our plans," said Merlin's Chief Executive Nick Varney.

Shares closed Tuesday at 371.6 pence.

Write to Jana Simmons at jana.simmons@wsj.com

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