Mexico’s Cinepolis buys 40% in Indonesia’s Lippo-backed Cinemaxx for $110m

People walk past seats at the Grand Theater at the Dalian Wanda Group Co. Oriental Movie Metropolis film production hub in Qingdao, China, on Tuesday, April 17, 2018. Wanda, a real-estate, retail and entertainment conglomerate, is opening its doors to an audacious 50 billion yuan ($7.9 billion) world-class film production hub, called the Oriental Movie Metropolis, or Dong Fang Ying Du. Photographer: Qilai Shen/Bloomberg Photo by Bloomberg

Cinepolis, the world’s fourth-largest cineplex network, has acquired 40 per cent stake in Indonesian movie theater chain Cinemaxx Global Pasifik for a consideration of $110 million, DEALSTREETASIA has learnt.

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