Ratos and Bonnier merge SF Bio with Finnkino

The transaction consists of a merger of SF Bio and Finnkino and includes no additional capital from Bonnier or initially from Ratos. The new business will be owned at 60% by Ratos and 40% by Bonnier.

SF Bio and Finnkino will continue under their current names. The new business will have operations in Sweden, Finland, Norway, Estonia, Latvia and Lithuania.

The deal is dependent on approval by the relevant competition authorities and is expected to be completed at the end of April 2013.

The group's enterprise value amounts to approximately SEK 3bn. The new company will have sales of approximately SEK 2.6bn, with an EBITA of approximately SEK 360m.

Ratos and Bonnier stated they will support the new cinema group's long-term growth ambitions in current and new markets.

Company
SF Bio is a cinema group operating mainly in Sweden, with movie theatres in Norway as well. In total, SF Bio operates 43 cinemas with 282 screens and 38,000 seats.

Finnkino is a cinema operator present in Finland and the Baltic states with 24 cinemas, 158 screens and 27,000 seats. The company also distributes films and DVDs.

SF Anytime, which is currently part of SF Bio, will not be part of the merger.

People
Susanna Campbell is CEO of Ratos. Jonas Bonnier is CEO of Bonnier. Jan Bernhardsson is CEO of SF Bio and the new cinema group.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Nordics
• Portfolio management
• Consumer
• Now researching
• Sweden
• Ratos Holding