AMC adding to European presence with $929 million deal

AMC Entertainment Holdings on Monday announced another blockbuster buyout, pushing its own screens total to 11,000 worldwide.

Leawood, Kansas-based AMC, the world’s largest theater operator, will purchase Nordic Cinema Group Holding AB in a deal valued at $929 million.

Nordic Cinema is the No. 1 theater operator in Sweden, Finland, Estonia, Latvia and Lithuania, and No. 2 in market share in Norway. Nordic operates 68 theaters and has a stake in another 50 theaters.

AMC said in a release that the boards of the two companies have approved the all-cash deal and it is expected to close in the first half of this year, pending antitrust clearance by the European Commission.

Read more: Kansas City Business Journal, Kansas City Star

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