26 December 2017
Kinepolis Group has reached an agreement regarding the takeover of the 'NH Bioscopen' cinemas in Schagen and Hoofddorp (Netherlands). The agreement also includes a new-build project in Haarlem (Netherlands). The cinema complexes in question and the new-build project in Haarlem were, until now, owned by Mr. and Mrs. Frits and Irma Nieuwenhuizen, who also operated the cinemas in Schagen and Hoofddorp. The NH cinema complex on Texel is not included in the agreement.
The cinema in Schagen is a 5-screen complex with 560 seats and welcomes around 220,000 visitors per year. The cinema in Hoofddorp has 8 screens and 1,100 seats and welcomes around 390,000 visitors per year. The agreement also includes plans for a new-build cinema in the Schalkwijk area in Haarlem. The construction of this 6-screen complex with approximately 850 seats is planned for 2018, when the necessary permits will have been obtained.
The transaction has an enterprise value of € 27.5 million, including the takeover of the debts. The acquisition will be effective from 1 January 2018 onwards and will allow Kinepolis to strengthen its position on the Dutch market and offer the Kinepolis movie experience to even more visitors. Kinepolis currently operates 15 cinema complexes in the Netherlands and will open a new cinema complex in 's-Hertogenbosch in the course of 2018.
Contact
Kinepolis Press Office
+32 (0)9 241 00 16
pressoffice@kinepolis.com
About Kinepolis
Kinepolis Group NV was formed in 1997 as a result of the merger of two family-run cinema groups and was listed on the stock exchange in 1998. Kinepolis offers an innovative cinema concept which serves as a pioneering model within the industry. In Europe, Kinepolis Group NV has 48 cinemas spread across Belgium, the Netherlands, France, Spain, Luxembourg, Switzerland and Poland. In addition to its cinema business, the Group is also active in film distribution, event organization, screen publicity and property management.
Following the acquisition of the Canadian movie theatre group 'Landmark Cinemas' in December 2017, Kinepolis Group now operates 91 cinemas (41 of which it owns), with a total of 801 screens and more than 180,000 seats. Including the Canadian organization, Kinepolis employs 3,750 people, all committed to giving millions of visitors an unforgettable movie experience.