Cineplex is the largest operator in Canada with 165 cinemas, 1,695 screens and a 75% market share of the territory’s box office.
UK-owned exhibitor Cineworld has reached an agreement to acquire Canadian giant Cineplex for $2.1bn.
The debt-financed acquisition is subject to shareholder approval and is expected to be completed in the first half of 2020. Cineworld will pay C$34 in cash per share, with the move supported by its largest shareholder Global City Theatres B.V., which holds an approximate 28% stake in the company.
Cineplex is the largest operator in Canada with 165 cinemas, 1,695 screens and a 75% market share.
Cineworld plans to combine...
UK-owned exhibitor Cineworld has reached an agreement to acquire Canadian giant Cineplex for $2.1bn.
The debt-financed acquisition is subject to shareholder approval and is expected to be completed in the first half of 2020. Cineworld will pay C$34 in cash per share, with the move supported by its largest shareholder Global City Theatres B.V., which holds an approximate 28% stake in the company.
Cineplex is the largest operator in Canada with 165 cinemas, 1,695 screens and a 75% market share.
Cineworld plans to combine...
- 12/16/2019
- by 1101184¦Orlando Parfitt¦38¦
- ScreenDaily
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