In a statement published by Nasdaq.com, film producer and distributor Village Roadshow Ltd said it had sold its Greek cinema, film distribution and film production business.
The net cash proceeds from the disposal to an unnamed private European investor will be about $80 million, subject to exchange rate movements, Village said.
The sale of the Greek operations is subject to a number of regulatory approvals and third-party consents, and is expected to be completed by the end of 2009.
(with information from Nasdaq.com)
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