2,024
2,024
  • Transaction / Assets
    San Roque Golf Club
  • Seller
    Asahi Kanko
  • Buyer
    Golf Estates / Viktor Khristenko
  • € MM

Russian Magnate Acquires San Roque Gold Club in Sotogrande

24 June 2019 – El Confidencial

Russia’s former Minister of Industry, Viktor Khristenko, has acquired the San Roque golf club in Sotogrande from the Japanese group Asahi Kanko through his company Golf Estates.  San Roque is considered one of the four preeminent courses in Cádiz, along with Valderrama, the Real Club de Golf Sotogrande and La Cañada.

Gold Estates, which already owns three gold courses in Russia, acquired the totality of the outstanding shares of Asahi Kanko SAU (AKS) , a Spanish subsidiary of the Tokyo-based golf course group. AKS currently has 40 million euros in funds and revenues of €1.5 million a year.

It has a wholly-owned subsidiary, Suite Hotels, which operates the club building and the two 18-hokle golf courses. The San Roque Club also has an equestrian centre. Details of the transaction were not disclosed.

Original Story: El Confidencial – Carlos Pizá de Silva. Sevilla

Translation/Summary – Richard D. Turner