A PYMNTS Company

UK: OFT accepts remedies for movie theatre acquisition

By  |  January 25, 2013

According to a press release, the Office of Fair Trading has approved of remedies offered by Vue Entertainment International Limited to acquire Apollo Cinemas Limited. According to the release, Vue offered to sell four movie theatres to complete the acquisition of the movie theatre company; the OFT has accepted those remedies and will not refer the issues to the Competition Commission. Before the deal had been finalized, Vue controlled 68 theatre in the UK; its acquisition of Apollo adds another 14 to its roster, as well as an opportunity to open two more. Four geographical areas were cause for concern for the OFT until Vue agreed to sell those theatres.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Full Content: Office of Fair Trading

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.