AMC Entertainment Holdings, the world's largest cinema chain, has purchased the biggest cinema chain in northern Europe, Nordic Cinema Group, for $929m. The deal will see Scandinavian Cinema's cinemas rebranded as AMC, and its brands integrated into the existing AMC chain. Nordic has the largest share of the market in Estonia, Finland, Latvia, Lithuania and Sweden, and owns about 50% of another 50 cinemas.
AMC Entertainment Holdings, the world's largest cinema chain, has purchased the biggest cinema chain in northern Europe, Nordic Cinema Group, for $929m. The US-listed AMC, run by China’s richest man, Wang Jianlin, operates 900 cinemas and will own a further 68 through Nordic. Nordic has the largest share of the market in Estonia, Finland, Latvia, Lithuania and Sweden, and owns about 50% of another 50 cinemas.