Cinema City completes its merger with Cineworld Group
Cinema City International has finalized its merger with Cineworld Group and will operate under the brand Global City Holdings.
The merger means the creation of the second largest cinema chain in Europe. In the UK the firm is the leader in market share with 27.7 percent.
Global City Holding is now calling for the sale of 7,027,000 of its shares, which would represent a 13.72 percent stake in the firm. Subscription will take place between March 20 and April 2 this year.
