Pursuits
AMC Said to Plan Bid for Guy Hands's Odeon Cinemas in Europe
- AMC is majority-owned by Chinese billionaire Wang Jianlin
- Deal for Odeon & UCI would give AMC strong Europe foothold
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AMC Entertainment Holdings Inc., the U.S. theater chain controlled by Asia’s second-richest man, is assembling a bid for Odeon & UCI Cinemas Group valuing the European company at as much as 900 million pounds ($1.3 billion), according to two people familiar with the matter.
AMC, majority owned by Chinese billionaire Wang Jianlin’s Dalian Wanda Group, recently began preparing an offer for the cinema chain owned by Guy Hands’s Terra Firma Capital Partners Ltd., the people said, asking not to be identified because the matter is private.