Cineworld tumbles on Blackstone 11pc placing
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The private equity firm placed 28.5 m shares in the chain of cinema at a price of 205 p per share. The implementation has been managed by Goldman Sachs International as sole bookrunner through acceleration offers institutional investors. Shares in the group have slumped p 11 3pc at 3.45 p.m. 205.5.
The new comes as cinema chain recently announced that attendance and cinema advertising was forte.Cineworld welcomed resurgent advertising and sales at the box-office films 3D this year, with Toy Story 3 single, bringing to 70 million from ￡.
Steve Wiener, CEO of Cineworld, said: "today placing reflects significant outperformance of the Cineworld versus the widest of the stock exchange since its IPO in 2007."Blackstone has been an excellent partner and has made a significant contribution to the company for the past six years.?
Recently, the company amounted to 328 million of ￡ and 801 screens, said screen advertising continued to "encouraging progress" year versus dernier.Cineworld posted advertising revenue by 43 8pc 42 weeks 21 October.
Said sales of cinema tickets and glasses 3D has increased by 8 3pc at the back of the strong demand for films including Shrek Forever after, The Twilight Saga: Eclipse and Toy Story 3, which is the greatest release of film of the year to the total jour.recettes increased 8 5pc.
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