ITI sells Multikino movie theater business to Vue
October 2, 2013
Media group ITI, chief shareholder of the listed broadcaster TVN, sold its 86% stake in the cienma operator Multikino in a deal that valued the full firm at EUR 48 million, ITI said in a press statement.
The company will be purchased by Vue, a global movie theater player with 1,300 screens (after finalizing the Multikino transaction).
Multikino is the second largest multiplex cinema operator in Poland, with a chain of 28 cinemas with 231 screens across 22 Polish cities and 2 cinemas with 15 screens in the Baltics, the statement read.