Cineworld agrees £2.7bn deal to buy US cinema chain Regal
Friday 8th December 2017
UK cinema chain Cineworld has announced plans to enter the US market through the acquisition of larger operator Regal for £2.7bn.
The FTSE 250 company said the proposed deal, which is subject to shareholder and regulatory approval, would create the second-largest cinema operator by screen numbers, with almost 10,000 between them currently across 10 nations.
The US has the largest box office takings worldwide and Regal Entertainment Group has 7,315 screens in 561 theatres - the vast majority of them in the US.