3 March 2020
ASX ANNOUNCEMENT
SALE OF CINESTAR - TRANSACTION UPDATE
EVENT Hospitality & Entertainment Limited (the "Group") today provided an update regarding the sale of its German cinema exhibition operation ("Cinestar") to Vue International Bidco plc (the "Transaction").
The Group previously announced the sale of Cinestar subject to German Federal Cartel Office ("FCO") approval on 22 October 2018. The FCO has now provided conditional clearance for the Transaction subject to the divestment of six sites within a six-month period, and this divestment process is underway.
David Stone
Company Secretary
Further information | |
ASX Company Security Code: | EVT |
Telephone: | +61 2 9373 6600 |
Contact: | David Stone (Company Secretary) |
Email: | David_Stone@evt.com |
EVENT HOSPITALITY & ENTERTAINMENT LIMITED | ACN 000 005 103
478 GEORGE STREET SYDNEY NSW 2000 | GPO BOX 1609 SYDNEY NSW 2001 | +61 2 9373 6600
CINEMAS | EVENT | BCC | GU FILM HOUSE | CINESTAR | MOONLIGHT
HOTELS & RESORTS | RYDGES | QT | ATURA | THREDBO
STATE THEATRE | EDGE DIGITAL | EDGE SERVICED OFFICES
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Event Hospitality and Entertainment Ltd. published this content on 03 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2020 08:25:11 UTC