The Lyng family, led by Ragnar Lyng, has sold its 50% stake in the Anfi del Mar timeshare business to IFA for just over 40 million euros.
IFA is a German company controlled by Gran Canaria’s largest hotel company Lopesan (owners of the Villa del Conde and Costa Meloneras hotels).
Lopesan has acquired 50% of Anfi Resort, S.L. and Anfi Sales, S.L., the companies that run the “Anfi del Mar” and “Anfi Tauro” timeshare and tourism complexes. This includes a 50% stake of 869 apartments and four holiday clubs with 30,000 members (7000 of them Norwegian), two golf courses and the commercial areas of Anfi.
The deal between the Lyng family and IFA/Lopesan also seems to include 50% of the new developments planned for Tauro including the new marina and around 5000 new beds.
The remaining 50% of Anfi, plus a controlling golden share, are owned by local business Santana Cazorla.
It’s no secret that the relationship between the Lyngs and Santana Cazorla has been strained in recent years and the Cazorlas have yet to comment about the purchase.
Ragnar Lyng said during the signing ceremony in Trondheim, Norway, that “We’ve been working to get Anfi del Mar sold for ten years. Since father died, no one in the family lives in Spain anymore, so we thought it better to find local owners”.
He also said that “the IFA management are very professional and have the (financial) muscle needed to continue Anfi’s development in a quality way. If clients notice anything, it will be positive”.