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Re Acquisition

28th Sep 2011 15:00

RNS Number : 1149P
Cineworld Group plc
28 September 2011
 



Cineworld Group plc ("Cineworld" or the "Company")

Re: Acquisition

In its Interim Results (released on 18 August 2011) the Company announced in respect of its proposed acquisition of Cinesur in Spain (the "Transaction") that the vendor had not been able to satisfy certain preconditions to completion within the agreed timescale, that negotiations were continuing with the vendor and that Cineworld was only prepared to complete the Transaction if the terms and conditions were in the best interests of its shareholders.

The vendor has been unable to meet the Company's requirements and as a result negotiations have been terminated.

Enquiries:

Cineworld

+44(0) 208 987 5000

Steve Wiener, CEO

 

M:Communications

+44(0) 207 920 2339

Elly Williamson

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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