Nordic Business Report-June 28, 2006-Finnkino Oy acquires Sandrew Metronome AB's cinemas in Finland
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The Finnish cinema chain operator and film distributor Finnkino Oy said on Wednesday (28 June) that it has acquired cinema operator Sandrew Metronome Finland Oy from Swedish company Sandrew Metronome AB, part of Norwegian media group Schibsted ASA.
The purchase price was not disclosed.
The transaction includes two multi-screen cinemas in Helsinki and one in Turku.
Sandrew Metronome Finland has 53 employees and reported net sales of EUR9m in 2005.
Finnkino belongs to Rautakirja Group, part of the Finnish media group SanomaWSOY.
One euro (EUR) is worth approximately 0.69 British pounds (GBP).
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