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AMC Theatres to Acquire Odeon & UCI Cinemas Group, the Largest Theater Chain in Europe

Posted on Wednesday, July 13, 2016 1:28 PM


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AMC LogoAMC Theatres announced recently that it will acquire Europe's largest theater chain, Odeon & UCI Cinemas Group. With 242 locations across Europe, the acquisition will make AMC the world's largest theater chain with a total of 627 theaters in eight countries.

That distinction will hold true even without their announced acquisition of Carmike Cinemas. The press release issued by the company says that AMC is still interested in pursuing the Carmike acquisition, but some of Carmike's major investor's want more value for the company than AMC is offering, so it is not a done deal yet.

AMC's acquisition of Odeon & UCI Cinemas Group is subject to clearance by regulators. AMC was acquired by China's Dalian Wanda Group in 2012.

AMC recently completed the acquisition of Starplex Cinemas in December 2015. That chain had purchased Showplex Cinemas in 2013. In 2010, AMC acquired 96 locations from Kerasotes Showplace Theatres. Carmike has been acquiring locations in recent years, with purchases of Sundance Cinemas in 2015, Digital Cinema Destinations Corp. (Digiplex) in 2014, Muvico Entertainment in 2013, and others.

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