UNQUOTE

SPAIN - Mercapital acquires Cinebox

  • Angelica Mari
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The cinema chain Abaco, backed by the private equity firm Mercapital, has agreed to buy Cinebox from the entertainement group GMR in a deal reportedly worth around EUR 60m.

With the acquisition of the company's 294 screens, Abaco will consolidate its sector leadership, with a forecast turnover of EUR 100m. It was acquired by Mercapital last year for EUR 55m and took less than a year and a half to become the largest cinema chain in Spain.
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