BRIEF-Kinepolis says to take over Spain's Abaco Alcobendas and Abaco Cinebox cinemas

June 11 Wed Jun 11, 2014 12:03pm EDT

June 11 (Reuters) - Kinepolis Group NV :

* Kinepolis to take over cinemas Abaco Alcobendas in Madrid (Spain) and Abaco Cinebox in Alicante (Spain)

* Group comprised 18 cinemas of different sizes, all situated in Spain

* Reached an agreement with liquidators to take over furnishing for an overall amount of 1,050,000 eur and staff

* In future, Kinepolis wants to generate an EBITDA contribution of 1 to 1.5 eur per visitor

* Also concluded new lease contracts with respective real estate owners, conditions of which are related to generated visitor numbers Further company coverage:

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

A tourist takes a plunge as she swims at Ngapali Beach, a popular tourist site, in the Thandwe township of the Rakhine state, October 6, 2013. Picture taken October 6, 2013. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY) - RTR3FOI0

Where do you want to go?

We look at when to take trips, budget considerations and the popularity of multigenerational family travel.   Video