Magazine article Screen International

Vue to Acquire Italian Cinema Leader

Magazine article Screen International

Vue to Acquire Italian Cinema Leader

Article excerpt

Vue Entertainment International reaches agreement to acquire The Space Entertainment, Italy's largest cinema chain

Multiplex cinema firm Vue Entertainment International has agreed to acquire The Space Entertainment, the leading cinema chain in Italy, with 36 state-of-the-art multiplex cinemas across the country.

The deal is the fourth acquisition in the past three years by Vue and is supported by follow-on investment from Vue's financial shareholders, OMERS Private Equity and AIMCo.

During this period, Vue has more than doubled the number of cinemas and screens under its ownership from 70 to 187 cinemas and from 678 to 1,727 screens.

Vue acquired Apollo in the UK in May 2012, CinemaxX in Germany in August 2012, Multikino in Poland in October 2013 and expects to complete the Space deal in November. …

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