MBK-Mirae consortium buys 28.57% stake in Korean cinema chain unit for $286m

MBK-Mirae consortium buys 28.57% stake in Korean cinema chain unit for $286m

Private equity firm MBK Partners and investment bank Mirae Asset Daewoo have jointly acquired a 28.57 per cent stake in a cinema chain unit of South Korean conglomerate CJ Group for $286 million.