Terra Firma to sell Odeon & UCI Cinemas for $1.2 bln

AMC Entertainment Holdings Inc has agreed to buy Odeon & UCI Cinemas Group in a deal valued at 921 million pounds ($1.2 billion). Terra Firma is the seller. The 921 million pounds includes 500 million pounds for the equity and the assumption of 407 million pounds of net debt. London-based Odeon is theater operator in Europe selling 90 million tickets annually.

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