Cineworld launches £110m rights issue for European push

By Andrew Griffin
10 Jan 2014

UK cinema chain Cineworld launched a £110m rights issue on Friday to fund its expansion on to the continent through a merger with a European peer, Cinema City International.

The rights issue will raise £107m, net of expenses, with the rest of the funding for the merger coming from debt financing and the issue of £231m of shares to Cinema City International (CCI). The consideration shares will give CCI a 24.9% stake in Cineworld, and will value ...

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