BRIEF-Kinepolis says to take over Spain's Abaco Alcobendas and Abaco Cinebox cinemas

miércoles 11 de junio de 2014 18:03 CEST
 

June 11 (Reuters) - Kinepolis Group NV :

* Kinepolis to take over cinemas Abaco Alcobendas in Madrid (Spain) and Abaco Cinebox in Alicante (Spain)

* Group comprised 18 cinemas of different sizes, all situated in Spain

* Reached an agreement with liquidators to take over furnishing for an overall amount of 1,050,000 eur and staff

* In future, Kinepolis wants to generate an EBITDA contribution of 1 to 1.5 eur per visitor

* Also concluded new lease contracts with respective real estate owners, conditions of which are related to generated visitor numbers Further company coverage: