Solaris Cinema Sold to Apollo (1)

8/13/2014 2:40 PM
Category: Economy

In a space-themed acquisition of a central Tallinn property, Solaris, one of the two multiplex cinemas in the city center, was bought by a subsidiary of the Apollo media group today after a deal was inked in the first week of August.

Approval from the Competitiion Authority was received for the sale to Apollo Kinod, which also operates a cinema in Pärnu.

The multiplex in the Solaris shopping mall was originally a Cinamon movie theater but was unloaded soon after the mall opened.

Last year, the current owner, Solaris Property Partners, then tried to shop the business to Forum, which operates the other city center multiplex in Coca-Cola Plaza, but antitrust regulators blocked the sale.

 

 


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