Grupo Cinemex SA de CV has acquired 100% of Cinemark de México SA de CV, expanding its cinema operations to 231 theaters and 1,930 screens, thereby increasing its market share to approximately 36%.
Target Information
Cinemark de México SA de CV, a subsidiary of the U.S.-based Cinemark Holdings Inc., owns and operates 31 movie theaters in Mexico, totaling 290 screens. This acquisition marks a significant step for Grupo Cinemex SA de CV, a leading cinema chain in Mexico, as it seeks to expand its market presence and enhance its competitive positioning within the industry.
The purchase will increase Cinemex's operational capacity, allowing it to reach a total of 231 theaters and 1,930 screens. As of December 31, 2012, the Mexican cinema market comprised 5,360 screens, with this consolidation providing Cinemex with approximately a 36% market share.
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Industry Overview in Mexico
The Mexican cinema industry has experienced substantial growth in recent years, driven by increasing consumer demand for entertainment and improvements in cinema expe
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Disclosed details
Revenue: $2,280M