As early as 2012 wanted media house Bonnier do away with SF Cinema. But instead of getting through a sale was proposed SF together with listed Ratos cinema chain Finnkino years thereafter, whereupon the Nordic Cinema Group was formed.
sales plans have been there it has been rumored for some time. And now it is thus clear that the British investment fund Bridgepoint strikes at Nordic Cinema Group.
The selling price is to about SEK 4.7 billion, which Ratos share is about 1.7 billion. The sale will generate an exit gain of approximately SEK 900 million and an average annual return of about 42 percent. The sale is subject to approval from the relevant authorities.
– We believe that there is a potential for further growth in the Nordic-Baltic region at a time when we consider that the film industry will maintain its strong position in the entertainment industry, says Mikael lövgren, Bridgepoint Chair in Scandinavia, in a statement.
Nordic Cinema Group is today then-leading cinema operator in the Nordic and Baltic countries with 66 wholly-owned movie theaters with 444 screens in about 50 major cities and partner in another 48 cinemas.
– We have together with Bonnier created a strong Nordic bioaktör, with a leading market position and profitability. This creates good conditions for the company going forward, and allows for continued investment in modern cinemas and development of the customer offering, says Susanna Campbell, CEO Ratos, in a statement.
No comments:
Post a Comment