Kinepolis CFO to leave, shares drop

Kinepolis NV

30/03/2022 09:51

(Updates share move, adds comments)
    ** Shares in Kinepolis  KIPO.BR  extend losses falling close
to 5% at 0840 GMT
    ** The Belgian cinema operator said on Wednesday its CFO
Nicolas De Clercq will leave at the end of May  urn:newsml:reuters.com:*:nL2N2VX08F
    ** De Clercq's departure after 10 years for another job
opportunity might be seen as the normal course of professional,
but his replacement will be important, ING points out 
    ** "Some might also read less likelihood of M&A," Kepler
Cheuvreux's Matthias Maenhaut says
    ** The stock fell 4.3% since yesterday, when it closed at
58.75 euros 

 (Reporting by Dagmarah Mackos)
 ((dagmarah.mackos@tr.com))