TALLINN - Investment company UP Invest controlled by Estonian businessman Margus Linnamae will be acquiring the Forum Cinemas movie businesses in Estonia, Latvia and Lithuania.
Member of the board and executive manager of UP Invest Sven Nuutmann said that while UP Invest is well established through Apollo Group movie theaters in Estonia, acquiring Forum Cinemas will help reinforce its position in Lithuania.
"The spread of COVID-19 means times are difficult for the movie theater industry all over the world, with consolidation a necessity. That said,...
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