23-03-2011

Ratos Acquires Forum Cinemas

By FNE Staff

    Swedish investment firm Ratos (www.ratos.se) bought the Baltic-based Forum Cinemas (www.forumcinemas.lv) chain, along with Finland's Finnkino (www.finnkino.fi) cinemas in a deal reported as 116 million euros. Forum Cinemas owns cinemas in Estonia, Latvia, and Lithuania.

    The deal is awaiting approval by Latvian and Finnish authorities, which local media reports say is expected to go through as early as April.

    The purchase includes 25 cinemas with 161 screens and some 30,000 seats.

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