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
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
Or sign up for a trial to gain full access to the entire site for a limited period.
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.