Cinema City’s owner in Eastern Europe deal

Cinema City, Norwich. Cinema City, Norwich.

Friday, January 10, 2014
3:51 PM

The UK’s largest cinema operator is buying about 100 multiplexes in eastern Europe and Israel in a cash and shares deal worth about £500m.

To send a link to this page to a friend, you must be logged in.

Cineworld, which owns Cinema City in Norwich, is buying the outlets from Cinema City International (CCI), which is listed on the Warsaw stock market.

The UK company will pay CCI £272m in cash, and has launched a £110m rights issue to help fund the purchase.

Cineworld chairman Anthony Bloom called the deal “an exciting and unique opportunity” for his company.

Audiences in eastern Europe are growing fast.


  • The name Ciema city does have a hint of the eastern Europe about it.

    Report this comment

    Steely Dan

    Friday, January 10, 2014

  • The Noverre Cinema was a true "Art Film" cinema,that it was closed is a disgrace.Cinema City show mainly re runs of popular films having completed their runs with the big cinema chains,its a pleasant place to visit though

    Report this comment

    Albert Cooper

    Saturday, January 11, 2014

  • I believe Cinema City is operated (but not owned) by Picturehouse Cinemas whose parent is Cineworld. Details details.

    Report this comment

    Mr Rationality

    Friday, January 10, 2014

The views expressed in the above comments do not necessarily reflect the views of this site



Most read business stories

Adam Soall, who runs Loads4Less, with his workforce. Photo: submitted

Norwich-based removals firm plans to expand after turnover success

A Norwich-based business which started as a “man with a van” operation is eyeing further expansion after seeing its predicted turnover increase from £6,000 to £340,000 within five years.

Read full story »