6 November 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 ("Vue") (the "Transaction").
Vue has applied for, and the German Federal Cartel Office ("FCO") has granted, a further extension to 14 December 2020 of the deadline for completion of the divestment process required for FCO approval of the Transaction.
All cinemas in Germany, including those operated by Cinestar, were closed by the German Government with effect from 2 November 2020 in response to COVID-19 and will remain closed until 30 November 2020.
Authorised for release by the Board
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 06 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2020 21:00:07 UTC