Cineworld to merge with major chain

Updated
File photo dated 6/12/2012 of Cineworld Cinemas in Burton On Trent, Staffordshire. Multiplex chain Cineworld is to acquire one of Europe's largest cinema operators in a deal that will boost its estate to nearly 2,000 screens. PRESS ASSOCIATION Photo. Issue date: Friday January 10, 2014. The proposed tie-up with Cinema City will give it leading positions in Poland, Israel, Hungary, Romania, the Czech Republic, Bulgaria and Slovakia. The cash and shares deal, which is due to complete in March, values Cinema City at around ?500 million. See PA story CITY Cineworld. Photo credit should read: Rui Vieira/PA Wire

%VIRTUAL-SkimlinksPromo%Multiplex chain Cineworld is to acquire one of Europe's largest cinema operators in a deal that will boost its estate to nearly 2,000 screens.

The proposed tie-up with Cinema City will give it leading positions in Poland, Israel, Hungary, Romania, the Czech Republic, Bulgaria and Slovakia. The cash and shares deal, which is due to complete in March, values Cinema City at around £500 million.

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