IHS Markit Technology is now a part of Informa Tech. The majority of the research portfolio is available on this site. For access to Energy & Power and Cost Benchmarking & Teardown Analysis, please visit benchmarking.ihsmarkit.com. For access to updated Automotive content, please visit autotechinsight.ihsmarkit.com.

Market Insight

SF Bio and Finnkino to merge under new ownership structure

April 02, 2013

David Hancock David Hancock Director – Research and Analysis, Cinema & Home Entertainment, IHS Markit
This product is included in:

Want to learn more?
Have an expert contact you.

Sweden's largest cinema exhibitor SF Bio is to merge its operations with private equity-owned Finnkino to create the largest pan-Nordic exhibition group. Ratos, private equity company which owns Finnkino, has acquired 60 per cent of SF Bio from Swedish media group Bonnier for $420m. According to the new company, the combined group will be worth around SEK 3bn ($462m), with sales of SEK 2.6bn ($400m) and operating profit (EBITA) of SEK 360m ($55.5m). Neither company is putting up any capital initially but Ratos may invest over time. The deal is dependent on approval by the relevant competition authorities and is expected to be completed by the end of April 2013. The new business will have operations in Sweden, Finland, Norway, Estonia, Latvia and Lithuania and will continue to trade under the existing names. SF Bio is the biggest cinema group in Sweden and is also present in Norway. In all, SF Bio owns 43 cinemas with 282 screens and 38,000 seats. Finnkino is the largest cinema operator in Finland and the Baltic states with 24 cinemas, 158 screens and 27,000 seats. It was acquired by Ratos in 2011 for EUR94.3m ($137.4m).

Bonnier Finnkino Ratos SF Bio
Research by Market
Media & Advertising
Share facebook Twitter Google Plus Linked In Add This Contact Us