October 21, 2018 / 9:42 PM / in 2 months

Australia's Event Hospitality & Entertainment to sell German unit

Oct 22 (Reuters) - Event Hospitality and Entertainment Ltd on Monday said it would sell its German cinema exhibition division, CineStar, to Vue International Bidco Plc for as much as 221.8 million Euros ($255.38 million).

The divestiture is part of the film exhibition company’s strategy to focus on its main growth-promoting businesses.

$1 = 0.8685 euros Reporting by Nikhil Subba in Bengaluru; Editing by Sandra Maler

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