S.Korea's CJ CGV, partners buying Turkey's MARS Entertainment for $688 mln

CJ CGV

04/04/2016 09:29

SEOUL, April 4 (Reuters) - CJ CGV Co Ltd  079160.KS , South 
Korea's largest movie theater chain operator, said on Monday 
that, along with its partners, it is acquiring 100 percent of 
Turkey's MARS Entertainment Group A.S. for 605 million euros 
($687.82 million).  
    CJ CGV said in a filing it will acquire a 38 percent stake 
in MARS, which operates 710 screens under the brand Cinemaximum, 
while multiple unnamed partners will acquire the remaining 62 
percent.  
($1 = 0.8796 euros) 
 
 (Reporting by Joyce Lee; Editing by Muralikumar Anantharaman) 
 ((jungyoon.lee@thomsonreuters.com; +82 2 3704 5609; Reuters 
Messaging: jungyoon.lee.thomsonreuters.com@reuters.net)) 
 
Keywords: CJ CGV M&A/MARS ENTERTAINMENT