Go global: Wanda's top 10 foreign acquisitions
Updated: 2016-07-22 06:58
By Zhu Lingqing(chinadaily.com.cn)
Wanda-owned AMC Entertainment Holdings Inc announced this month that it had entered into a "definitive agreement" to buy the London-based Odeon & UCI Cinemas Group for around 921 million pounds ($1.2 billion).
AMC Entertainment, the second-largest movie theatre chain in North America, was acquired by Chinese conglomerate Dalian Wanda Group Co Ltd in 2012 for $2.6 billion.
Since it bought AMC Entertainment in 2012, Wanda has been enthusiastic in purchasing overseas companies covering film-related industries, sports, travel and property for five consecutive years.
Here's a brief history of Wanda's overseas acquisitions.
The Odeon Cinema is pictured in Oxford Street, London, August 9, 2011. [Photo /IC]
Odeon & UCI Cinemas Group
Date: July 12, 2016
Country: United Kingdom
Amount: 921 million pounds ($1.21 billion)
As a leading European cinema operator, Odeon & UCI had 242 theatres with 2,236 screens in Europe as of December 2015, according to a BBC report.
AMC Entertainment will pay 500 million pounds ($660m) in cash and stock and 407 million pounds ($537m) in debt.
With AMC Entertainment's 627 theatres and more than 7,600 screens in eight countries, the deal will make it the biggest theatre operator in the world.