Manori Ravindran International EditorAMC Entertainment is selling off nine of its Baltic theaters in a €65 million ($77 million) deal.The company said Monday that it has signed a deal to sell nine venues across Latvia, Lithuania and Estonia — cinemas AMC took on as part of its $929 million acquisition of Nordic Cinema Group in 2017.
UP Invest, owners of a Baltics cinema group, will acquire all nine cinemas.AMC president and CEO Adam Aron said the Baltics agreement marks “yet another bold and decisive action taken, on the heels of our capital raising in April and debt restructuring and capital raising in July, to bolster our liquidity and strengthen our balance sheet at a transaction multiple that underscores the inherent value of our.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.