Pursuits
China's Wanda, CJ Said Among Potential Bidders for Turkey's Mars
- Mars Entertainment Group owns Turkey's largest cinema chain
- Owners including Esas, Actera to start inviting bidders
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Chinese billionaire Wang Jianlin’sWanda Cinema Line Co. is among international companies that plan to bid for Turkey’s biggest cinema chain, three people with knowledge of the plan said.
The owners of Mars Entertainment Group will start a formal sales process in March, said the people, who asked not to be identified because the plan isn’t public. Other potential bidders are Seoul-based CJ CGV Co. Ltd.and companies from the U.S., Mexico, U.K. and Japan, two of the people said.