Wanda Group and AMC Signed Acquisition Agreement May 21, 2012, Wanda Group and American Multi-Cinema("AMC"), the world second largest cinema operator signed acquisition agreement, under which Wanda group will purchase 100% stake interests of AMC with USD 3.1 billion (including the follow-up investments ). The deal marked the largest outbound acquisition of Chinese private enterprises and the largest non-resources overseas acquisition.
Found in 1920 in Kansas and running 350 cinemas with 5050 screens, AMC is the second largest cinema operator and possesses 6 top10 cinemas in the United States.
Jingtian & Gongcheng represented Wanda group in planning and negotiation of the transaction and got high appraisal from the client.