Cineworld completes Regal acquisition

Cineworld completes Regal acquisition

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.

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