UK cinema giant ‘screens’ buyers for autumn sale
Britain’s third-biggest cinema chain is to kick off an autumn auction that is likely to value it at more than £2bn and spark a frenzy of interest from industry rivals. Sky News has learnt that Vue International, which operates just under 900 screens across the UK, will launch a formal sale process in the autumn. Any deal, which could take several months to conclude, is likely to value the 26% stake of Vue’s management – led by chief executive and founder Tim Richards – at more than £500m. City sources…
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