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Paris, France · ParisCanal has signed an agreement for a 34% stake in French cinema operator UGC, as the London-listed Euro giant announced plans for a secondary listing in South Africa.
The UGC agreement will see the Paris-based company make a “long-term commitment to French and European cinema and theatrical exhibition,” according to Canal+ CEO Maxime Saada. The deal includes an option to build to a controlling stake in 2028.
Along with its cinema chain, UGC a…See the Story
Canal+ Strikes Agreement For Stake In French Cinema Chain UGC & Plans Secondary Listing In Johannesburg
Coverage: 2 sources