Join our community of smart investors

Cineworld completes Regal acquisition

Cineworld is now the second-largest cinema company in the world after the acquisition of US-based Regal Entertainment
March 16, 2018

The $3.4bn (£2.4bn) acquisition of Regal Entertainment Group makes Cineworld (CINE) the second-largest cinema company in the world by number of screens. The deal has significantly increased the group’s footprint in the US – the world’s largest cinema market – and it's thought bosses could claw back $100m in cost savings. Chief financial officer Nisan Cohen admitted emerging markets might offer better organic growth prospects, but he's confident mature markets such as the US still offer opportunity.

IC TIP: Hold at 249.4p
This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in