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Bids, Mergers and Takeovers

Cineworld announces acquisition of five Empire cinemas

28 July 2016 07:43

Cineworld announced the acquisition of five cinemas from Cinema Holdings, the holding company of Empire Cinema and the sale to Empire of the three screen Cineworld Haymarket.

Cineworld will pay Empire £94 million for the transaction.

The cinemas purchased are:

- The nine screen Empire Leicester Square multiplex, a leading London West End venue for movie premieres, which has a Laser IMAX screen

- An 18 screen multiplex in Basildon, which has an IMAX screen

- A 17 screen multiplex in Hemel Hempstead, which has an IMAX screen

- A 16 screen multiplex in Poole, which has an IMAX screen and

- A smaller four screen cinema in Bromley in Greater London

Story provided by StockMarketWire.com

Related Company: CINE

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