Daily News and Transactions across Greater China from Knight Frank
China's Wanda to buy US cinema owner AMC
May 23, 2012
Chinese property group Wanda has agreed to buy US cinema chain AMC Entertainment for US$2.6 billion in a deal which will create the world's largest movie theatre owner.
Wanda's portfolio includes 86 movie theatres in China with a total of 730 screens. Privately-held AMC operates 346 multiplex theatres mostly located in major US and Canadian cities with a total of 5,034 screens.
Knight Frank Greater China Property Market News Summary