China Wanda buys largest operator of cinemas in Europe – Internet Information Center of China

• Publisher:
• 2:23:30 07/13/2016 / agency xinhua

http://spanish.china.org.cn/economic/txt/2016-07/13/content_38866531.htmspanish.china.org.cnEl Chinese conglomerate Dalian Wanda Group took another step to become an operator of cinemas global scale by buying the largest operator of European cinemas, inform & oacute; Today the CO-& iacute; a 13/07/2016. 02: 23: 30.0 China, Wanda agency xinhua10067032543Economía/enpproperty–>

The Chinese conglomerate Dalian Wanda Group took another step to become an operator of cinemas global scale by buying the largest European operator of cinemas, today the company

<. p> AMC Entertainment Holdings Wanda, the second largest chain of cinemas in north America, will acquire Odeon & amp; UCI Cinema Group based in London, which has 242 theaters and 2,236 screens in Europe, in a contract worth around 920 million pounds (1,200 million dollars).

The contract would side Wanda much more if not for the votes of UK in favor of leaving the European Union brought about the fall of the pound to its lowest level in 31 years.

Wanda said the deal will make it the largest operator of cinemas with a leading presence in the three major markets of world cinema. The Chinese company aims to get 20 percent of revenue from global box office for 2020.

“While we recognize that there are some uncertainties related to the Brexit, we are encouraged that current exchange rates are highly favorable for AMC because the pound fell to its lowest level in three decades against the dollar, “he said in a statement the president of AMC, Adam Aron.

the administration of the company is optimistic about the prospect Odeon & amp; UCI and has confidence in a significant increase in revenues and profits, the statement said. F

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