Kinepolis completes takeover process of Utopolis group
October 03 2016 - 1:01AM
Regulatory release
3 October 2016, 7 a.m.
With the sale of the four Belgian Utopolis cinemas
on 30 September 2016, Kinepolis Group has completed the takeover
process of the Utopolis group (Utopia SA).
On 9 November 2015, Kinepolis Group reached an
agreement with the shareholders of Utopia SA for the takeover of
the Utopolis group for a total takeover sum of 66 million euros in
terms of enterprise value.
The takeover included five cinemas in the
Netherlands (Almere, Den Helder, Oss, Zoetermeer, and Emmen), three
in the Grand Duchy of Luxembourg (two in Luxembourg City and one in
Esch-sur-Alzette), one in France (Longwy), and four in Belgium. The
nine complexes outside Belgium have been taken over
immediately.
Contact
Kinepolis Press Office
+32 (0)9 241 00 16
pressoffice@kinepolis.com
About Kinepolis
Kinepolis Group NV was formed in 1997 as a result
of the merger of two family cinema groups and was listed on the
stock exchange in 1998. Kinepolis offers an innovative cinema
concept which serves as a pioneering model within the industry.
Kinepolis Group NV has 47 cinemas spread across Belgium, the
Netherlands, France, Spain, Luxembourg, Switzerland and Poland. In
addition to its cinema business, the Group is also active in film
distribution, event organization, screen publicity and property
management. 2,300 employees are committed each day to providing
millions of cinema visitors an unforgettable movie experience.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Kinepolis Group via Globenewswire
Kindred Biosciences (NASDAQ:KIN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Kindred Biosciences (NASDAQ:KIN)
Historical Stock Chart
From Apr 2023 to Apr 2024
