UFG Private Equity Buys Out KinoStar Cinema Chain from National Amusements
January 14th, 2010 | by rarzi |
Russian in isolation equity organisation UFG Private Equity together with Shari Redstone has paid for out Rising Star Media which operates Kinostar De Lux sequence of film theaters in Russia from National Amusements, Inc as well as Soquel Ventures of Paul Heth.
KinoStar De Lux motion picture sequence includes 6 multiplex film theaters with a sum of 74 screens in Moscow as well as St. Petersburg. According to journal Kommersant, a Kinostar film theaters beget annual revenues of roughly $50 million. The sequence could be valued during about $30 million.
Rising Star Media was launched in Moscow in 2002 by American businessman Paul Heth as a corner try with National Amusements, Inc. President of National Amusements, Shari Redstone helped to launch a motion picture sequence during a time.
In early 2008, A1 Group of Russia acquired Turkish motion picture sequence AFM Cinemas.
Source:http://feedproxy.google.com/~r/quintura/comblog/~3/cdOME_S3czc/
