Wanda in talks to buy European cinema operators
By Huang Ying | China Daily | Updated: 2013-04-09 05:47
Dalian Wanda Group Corp Ltd, one of China's leading property developers and the owner of the country's largest movie theater chain by box office revenue, is in talks to buy a European theater chain, a company spokesman said on Monday.
The move comes several months after the Chinese conglomerate's $2.6 billion acquisition of the United States' second-largest theater chain, AMC Entertainment Holdings Inc, which operates 346 multiplex theaters with more than 5,000 screens in the US and Canada.
The spokesman declined to elaborate.
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