Australian cinema operator EVENT sells German unit for $225.5m

Australian cinema operator EVENT sells German unit for $225.5m

Australian Securities Exchange. REUTERS/Steven Saphore

Sydney-based EVENT Hospitality & Entertainment Limited (EVT), an operator of cinemas in Australia, New Zealand and Germany, has agreed to sell its German cinema exhibition division CineStar for about €221.8 million ($255.5 million), according to an Australian Stock Exchange disclosure.

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