Pathe acquired Gaumont's 34% stake in Les Cinemas Gaumont Pathe for €380m

Pathé has granted Gaumont with an option to sell its 34% stake in Les Cinémas Gaumont Pathé for a consideration of €380m, after receiving the approval of its Executive Board. Gaumont's Board of Directors welcomes this offer. The planned disposal has been presented to Gaumont's Works Council and its completion remains subject to usual conditions for this type of transaction, such as the opinion of Gaumont's Works Council and the finalization of the financing of this acquisition by Pathé.