Anheuser-Busch, Tibidado Will Open Theme Park

Anheuser-Busch Cos. and Tibidado said they signed an agreement to develop a $300-million theme park and resort complex near Barcelona, Spain.

The project, to be located in the Tarragona Province of Spain in Vila-Seca and Salou, will be operated by Grand Peninsula, a joint venture company formed by Anheuser-Busch and Tibidado.

Anheuser-Busch said it is contributing $73 million in land, engineering and design to the project, while Tibidado is making a $114-million investment. The park is expected to open in 1995.