Nordic Cinema Group, the leading cinema operator in the Nordic and Baltic regions with 444 screens, changes majority owner from Ratos to Bridgepoint.
In April 2011, Ratos acquired Finnkino and in May 2013 a merger took place between SF Bio and Finnkino which formed NCG where Ratos received a holding of 58% in the new group. Today it’s the leading cinema operator in the Nordic and Baltic regions with 66 wholly owned cinemas with 444 screens in approximately 50 major towns. NCG is also co-owner of an additional 48 cinemas. NCG operates with four strong brands in six markets: SF Bio in Sweden, Finnkino in Finland, SF Kino in Norway and Forum Cinemas in Estonia, Latvia and Lithuania.
“Together with Bonnier we have created a strong Nordic cinema operator with a leading market position and good profitability. This provides good opportunities for the company in the future and enables continued investment in modern cinemas and development of the customer offering. The company is well positioned to continue to deliver exciting film experiences in the future. A strong focus on value creation throughout the entire holding period has generated a good return and led to a successful transaction for Ratos,” comments Susanna Campbell, CEO of Ratos.
In 2014 Nordic Cinema Group’s sales totalled 2,612 MSEK.
The sale is subject to approval from the relevant authorities and is expected to be completed in the summer.