Estonia, Legislation, Markets and Companies, Mergers and take-overs

International Internet Magazine. Baltic States news & analytics Saturday, 15.08.2020, 11:02

Competition Board granted permission to Apollo for buying Solaris Cinema in Tallinn

BC, Tallinn, 28.08.2014.Print version
Competition Board approved the request from Apollo Kino OÜ, a cinema subsidiary of Apollo Group, for purchasing Solaris Kino OÜ from Solaris Property Partners, writes LETA/Postimees Online.

Apollo Kino was established in 2012 and in 2013 it started development works related to building cinemas. In 2014, the company opened its first cinema complex in Pärnu, with three cinema halls and a total of 420 seats.

 

Solaris Kino screens films in the cinema complex with seven cinema halls in the Solaris Shopping and Entertainment Centre in Tallinn.

 

Previously, Solaris Property Partners had attempted to sell the cinema complex to Forum Cinemas, the largest cinema chain in Estonia, but as the Competition Board refused to grant permission.






Search site