Kinepolis drops on Belgium's cinema closure sequel

Kinepolis NV

23/12/2021 08:20

** Shares in Belgian cinema operator Kinepolis  KIPO.BR 
fall 4% after Belgium's plans to close cinemas and theatres and
play sporting fixtures behind closed doors to curb a surge in
cases of the Omicron variant  urn:newsml:reuters.com:*:nL8N2T64PA
    ** The restrictions, which will become effective immediately
after Christmas, come days after the release of blockbusters
"Spider-Man: No Way Home" and The Matrix's latest sequel "Matrix
Resurrections"
    ** Omicron now makes up 30% of new cases in Belgium compared
with 10% last Friday
    ** "There is a pirate ship off the coast and that is the
Omicron variant," Prime Minister Alexander De Croo said
    ** YTD, Kinepolis stock is up 41.5%, but QTD it has lost
about 12.2%
    
    

 (Reporting by Piotr Lipinski in Gdansk)
 ((piotr.lipinski@tr.com))