Wild Planet Trust says Dutch leisure group Libéma will take over the operation of both Newquay Zoo and Paignton Zoo from the 2nd of January, 2026.
Both sites will no longer be run as charities.
In a statement, Wild Planet Trusts says the Dutch leisure company consists of more than 20 businesses - including four zoos: "Libéma...shall safeguard the future of both zoos and will ensure their vital conservation, educational and breeding programmes can continue for many years to come.
"The zoos have been an integral part of local life for more than a century and half a century respectively. News that these iconic zoos were at risk of closure came as a surprise to many. Both zoos had been clear and open about the need for new investment to secure their long-term future. Libéma have now stepped in to make this happen."
Wild Planet Trust say they will step back from day-to-day operations and focus on wider conservation work in the UK and overseas.
Plans for Newquay Zoo include the creation of a new savannah exhibit featuring giraffes. Meanwhile in Paignton, there are plans to improve the routing, connecting five theme areas, reintroduce rhinoceroses, create a new enclosure for camels, vicunas, rheas and maras and to build a new baboon rock for baboons and warthogs."
Storm Chandra named as further disruptive weather heads for Cornwall
Clean-up under way in Mawgan Porth after Storm Ingrid flooding
Joe Way Paddle for Life to return to Newquay this summer
Yellow weather warning issued as Storm Ingrid approaches Cornwall
Police appeal to trace wanted man from Newquay
Overturned car closes Newquay road
Attraction partners with Cornwall Air Ambulance to support fundraising
ANPR cameras removed as Towan Headland car park returns to council control
Urgent search for Newquay breast screening site as service faces uncertainty
St Francis Dogs Home unveils major new upgrade
Plans submitted for Hotel Victoria in Newquay
Police appeal for witnesses after serious A30 crash
Business leaders warn over proposed winter parking charges in Newquay
Consultation launched on winter parking charges at Newquay car parks
Police are appealing for help to identify two men following an aggravated burglary in Newquay
Burger King in Newquay closes its doors for the final time
New Year Dip raises nearly £5000
Police are appealing for witnesses after a serious road traffic collision in Newquay
Newquay Health Centre invites residents to meeting on renovation plans
BUDGET 2025: Cornwall to receive £30m ‘Kernow Industrial Growth Fund’