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."
Newquay family launches £50,000 appeal to adapt home for four-year-old Jude
Free community fete to be held in Treloggan
St Mawgan Steam and Vintage Rally promises three days of family entertainment
Newquay world record surfing attempt postponed
Campaigners fear Glendorgal could change before rights inquiry concludes
‘Wind your necks in’ councillors told over Reform UK resignations
Charity relay to celebrate Newquay coach’s 20 years of helping runners
Price hat-trick leads Newquay sporting weekend
Record 150 teams compete in Crantock Bale Push
Controversial seafront development is now ‘undeliverable’
Disposable barbecues could be banned on beaches
Newquay theatre production to honour late actress Penelope Keith
Cornwall needs a ‘fairer, honest’ housing waiting list
New plans could pave way for demolition of derelict Narrowcliff buildings
Help find a cat a home
Free hedgehog talks offered to youth groups in Newquay area
Double title for Reggie Roynon as national surfing champions crowned at Watergate Bay
Search begins for Newquay's new town crier