Vue cinema chain buys CineStar in a €222m deal.

Vue cinema chain buys Germany based cinema operator CineStar in a €222m deal. It is acquiring the group from Australian Event Hospitality & Entertainment. Chief executive Tim Richards said: "This acquisition is our third international acquisition this year and further reinforces our commitment to international expansion. Germany is an extremely important cinema market and is consistently in the top 10 box office markets in the world. The acquisition of CineStar supports our strategic and business objectives of developing and owning the highest quality cinema assets globally. We look forward to further investing in the estate and welcoming CineStar into the Vue Group."