Warsaw (Puls Biznesu) – Cinema City International (CCI), the operator of multiplex cinemas, which has invested EUR 100m and has 16 of them in Poland, is thriving in the region of Central and Eastern Europe.
Warsaw (Puls Biznesu) – Cinema City International (CCI), the operator of multiplex cinemas, which has invested EUR 100m and has 16 of them in Poland, is thriving in the region of Central and Eastern Europe.
Our development strategy in Central and Eastern Europe in the years 2006-08 provides for EUR 50-70m of investments, Mosche Greidinger, CCI managing director said.
Within two years, the majority of those funds will be spent in Poland. CCI is going to launch movies in Bydgoszcz, Lublin, Rybnik, Lodz and Katowice. But in longer-term, more and more investments will be located in other countries of our region.
We are analysing the possibility to enter new markets. We think about Romania, although in 18-month prospective, Mosche Gredinger said.
At least part of funds will be raised in the Polish stock market GPW.
I think that the IPO might be conducted in the first half of next year, although we haven’t made final decision as yet. We need only 2-3 months to conduct our IPO, the managing director said.
His company wants to sell in GPW 20-30 percent of its shares. In the first half of the year, the company had EUR 51.1m of sales against EUR 48.9m last year. Net income amounted to EUR 4.1m against EUR 3.1m.
Podpis: APA - Austria Presse Agentur
