China’s Wanda buys Britain’s Odeon cinema group for $1 b

AFP, HONG KONG:  Chinese conglomerate Wanda, owned by one of the country’s richest men, said Tuesday it had bought the London-based Odeon & UCI cinema group in a deal worth around $1.2 billion.
Wanda-owned AMC Entertainment Holdings, the second-largest movie theatre chain in North America, said it had entered into a “definitive agreement” to buy Odeon & UCI, which has 242 cinemas and 2,236 screens in Europe.

Chinas Wanda buys Britains Odeon cinema group for $1 b

AFP, HONG KONG: Chinese conglomerate Wanda, owned by one of the countrys richest men, said Tuesday it had bought the London-based Odeon UCI cinema group in a deal worth around $1.2 billion. Wanda-owned AMC Entertainment Holdings, the second-largest movie theatre chain in North America, said it had entered into a definitive agreement to buy Odeon UCI, which has 242 cinemas and 2,236 screens in Europe.