Kinepolis completes acquisition of Spanish cinema group El Punt
4 March 2019
Following approval by the Spanish competition authority, Kinepolis Group has, on 28 February 2019, completed the acquisition of the ‘Full’ cinema complex in Barcelona and ‘El Punt Ribera’ in Valencia. Both cinemas are part of the El Punt cinema group, which is owned by the Sallent family.
The ‘Full’ megaplex in Barcelona has 28 screens with in total 2,687 seats and welcomes more that 1.3 million cinema-goers every year. The complex is rented and situated in the commercial centre ‘Splau’ in Cornellá de Llobregat, close to the airport and 14 km south of Barcelona. The ‘Full’ cinema complex is the flagship of the El Punt group: all screens boast high-quality 4K projectors and 19 screens have Dolby Atmos sound.
The ‘El Punt Ribera’ cinema is located in a commercial district in Alzira, 44 km south of Valencia. The complex, of which the property is in ownership, has 10 screens - each featuring Dolby 7.1 sound - and 2,528 seats, and attracts more than 300,000 visitors annually.
This acquisition will allow Kinepolis to further strengthen its position on the Spanish market. Kinepolis already had 6 cinemas in Spain, totalling 99 screens and more than 28,000 seats. Kinepolis now operates the three biggest cinema complexes in Spain, namely Kinepolis Ciudad de la Imagen in Madrid, Full in Barcelona and Kinepolis Valencia.
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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 addition to its cinema business, the Group is also active in film distribution, event organization, screen publicity and property management.
In Europe, Kinepolis Group NV has 54 cinemas spread across Belgium, the Netherlands, France, Spain, Luxembourg, Switzerland and Poland. Since the acquisition of the Canadian movie theatre group 'Landmark Cinemas' in December 2017, Kinepolis also operates 45 cinemas in Canada.
In total, Kinepolis Group currently operates 99 cinemas (45 of which it owns) worldwide, with a total of 890 screens and more than 190,000 seats. Including the acquired Canadian organization, Kinepolis employs 3,750 people, all committed to giving millions of visitors an unforgettable movie experience. More information on www.kinepolis.com/corporate.