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BRIEF-Barco ‍Enters Into Strategic Joint Venture With China Film Co. Ltd, Appotronics And CITICPE​
December 4, 2017 / 7:00 AM / in 9 days

BRIEF-Barco ‍Enters Into Strategic Joint Venture With China Film Co. Ltd, Appotronics And CITICPE​

Dec 4 (Reuters) - BARCO NV:

* ‍ENTERS INTO STRATEGIC JOINT VENTURE WITH CHINA FILM CO. LTD, APPOTRONICS AND CITICPE​

* ‍JOINT VENTURE TO SERVE AS DEDICATED COMMERCIALIZATION SOLUTIONS CHANNEL FOR EACH COMPANY‘S PRODUCTS AND SERVICES FOR GLOBAL CINEMA MARKET EXCLUDING MAINLAND CHINA​

* ‍PARTNERS PLAN TO CAPITALIZE JOINT VENTURE IN AMOUNT OF $100 MILLION​

* ‍ONCE ALL PARTNERS HAVE ENTERED JOINT VENTURE, BARCO WILL OWN 55% OF JOINT VENTURE​

* ‍APPOTRONICS AND CFG WILL EACH OWN 20% AND CITICPE WILL OWN 5%​

* ‍WIM BUYENS WILL BE APPOINTED AS CEO OF JOINT VENTURE ​ Source text for Eikon: Further company coverage:, (Gdynia Newsroom)

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