Analyst Research

Report Title Price
Provider: Reuters Investment Profile

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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. 

Company Quote

-0.1 -0.20%
10:57am EST