Pursuits
CJ CGV Gains After Agreeing to Buy Turkey's Mars
- Deal gives CJ CGV a stake in Turkey's largest cinema chain
- Unidentified investors agree to buy remaining shares
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CJ CGV Co., South Korea’s largest operator of multi-screen theaters, gained in Seoul trading after agreeing to buy a stake in Mars Entertainment Group, adding Turkey’s biggest cinema chain to its global network.
The shares jumped as much as 4.1 percent, the biggest intraday gain in more than a month, to 101,000 won before trading at 99,800 won as of 9:06 a.m. local time.