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Terra Firma and Vue Entertainment in talks to acquire Cineworld
Private equity group Terra Firma and cinema operator Vue Entertainment are reportedly in talks to team up for a £300m takeover of rival cinema chain Cineworld.
The Times reported that the two companies have already approached Blackstone, which owns Cineworld.
Blackstone postponed plans to float Cineworld on the London Stock Exchange in June this year, due to “levels of volatility in the market”.
Terra Firma already owns the Odeon and UCI cinema chains, so competition issues may arise as result of a bid.
The board of Vue, backed by The Bank of Scotland, recently instigated a £350m management buyout of the company. Details: www.cineworld.co.uk








































