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Vue continues expansion drive with purchase of Italy’s largest cinema chain

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By John Glenday, Reporter

October 16, 2014 | 1 min read

Cinema brand Vue is to expand its European operations after reaching an agreement to acquire The Space Entertainment, Italy’s largest cinema chain.

The deal includes 36 multiplex cinemas across Italy and is the fourth such acquisition in three years by the aggressive chain following the purchase of the Apollo in the UK and CinemaxX in Germany in 2012, followed by Multikino in Poland the following year.

Tim Richards, Founder and CEO of Vue said: "The acquisition of Space is another very exciting addition to the Vue Group and continues our strategic plan of supplementing our organic growth through opening new cinemas with strategic acquisitions of the highest quality assets in the UK and continental Europe. Italy is the fourth largest cinema market in Europe and has a long tradition of high quality Italian film production. Giuseppe Corrado and his team have built and operated one of the very best circuits in Europe and we are delighted to welcome Space to the Vue family.”

The latest deal will take Vue’s portfolio of cinemas up to 187 when the purchase concludes in November.

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