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Cinven may sell Odeon group to WestLB

12/02/2003Source: AltAssets.  

Click here for the latest news, views and interviews in the clean energy investor communityCinven seems likely to add to the slowly growing number of secondary buy-outs providing private equity players with exits in the current hostile climate.

The UK-based group is in talks with WestLB to sell the Odeon cinema group for around £450m.

Cinven acquired Odeon for £280m in 2000, and merged it with ABC Cinemas, which the group had owned since 1996.

Neither firm was available for comment.

Copyright © 2003 AltAssets

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