21 August 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").
As previously announced on 2 March 2020, the Transaction was conditionally approved by the German Federal Cartel Office ("FCO") subject to the divestment of six sites to FCO approved purchasers within a six-month period. A sale has been completed in respect of one of these six sites. The FCO has provided an extension of time for satisfaction of its conditions in respect of the remaining five divestment sites until 13 November 2020 and a sales process is ongoing.
Authorised for release by the 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 21 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 August 2020 05:56:27 UTC