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Cineworld completes acquisition of five Empire sites in UK

Staff Writer |
Movie theatre operator Cineworld Group confirmed that it has completed the acquisition of five cinemas from Cinema Holdings Limited, the holding company of Empire Cinema.

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Cineworld had initially flagged the acquisition on July 28, with the deal being worth a total of 94m pounds, 50% in cash, and 50% in new ordinary Cineworld shares, issued to the Anderson family, which controls Empire.

Cineworld said the acquisitions included the Empire Leicester Square in London's West End, an 18-screen multiplex in Basildon, a 17 screen multiplex in Hemel Hempstead, a 16 screen multiplex in Poole, and a smaller four screen cinema in the London borough of Bromley.

The four larger cinemas feature IMAX screens, Cineworld reported.

"This acquisition brings Cineworld five modern and well invested venues complementary to our existing estate, including the iconic Leicester Square cinema in the heart of London's West End," chief executive Mooky Greidinger said at the time.

"It underscores our commitment to operating high quality and modern cinemas across all of our nine operating countries, and our mission to be the best place to watch a movie.

"I'm delighted that the Anderson family, well-known cinema industry veterans, have entrusted these sites to us," he added.


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