Wanda Group in Liaoning Province China
took a big leap forward into the U.S.
market, acquiring AMC Entertainment Inc., the nation’s second-largest
theater chain. Dalian Wanda
Group said in a statement that it had reached
an agreement to acquire AMC’s 5,034 screens in 346 theaters in the U.S.
and Canada. The acquisition is expected at $3.1 billion. The Kansas
City, Missouri, movie theater chain is owned by JP Morgan Partners,
Apollo Investment Fund and Bain Capital Investors. Wanda Group was
founded as a real estate development firm in 1988, specializes in
commercial real estate and hotel development as well as entertainment
investment, the company has become one of the largest privately held
businesses in China. For more information about inbound Chinese
investments, contact us today.
