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Ratos AB and Bonnier Create New Cinema Business


Monday, 18 Mar 2013 02:00am EDT 

Ratos AB announced that the agreements have been signed regarding a merger of Bonnier's SF Bio and the Company's subsidiary, Finnkino, that together will form a new Nordic region's cinema group. The new business will be owned 60% by Ratos and 40% by Bonnier. The business will have operations in Sweden, Finland, Norway, Estonia, Latvia and Lithuania. The enterprise value for 100% of the newly established company amounts to approximately SEK 3 billion. The new company will have sales of approximately SEK 2.6 billion, with an operating profit (EBITA) of approximately SEK 360 million. The acquisition consists of a merger of SF Bio and Finnkino and includes no capital from Bonnier or initially from Ratos. 

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50.25
-0.1 -0.20%
10:57am EST