Village roadshow sells its stake in Singapore Cinemas

31 October 2017

News

Thomson Geer has advised theme park owner, cinema operator and movie distributor Village Roadshow, on the sale of its stake in Singapore movie theatres to partner Orange Sky Golden Harvest Entertainment Holdings, for approximately A$164 million.

The Thomson Geer team was led by consultant Peter Nankivell, with support from partner Peta Thompson, senior associate Lisa Marcus and lawyer Matt Persico.

The proceeds of the sale will assist Village Roadshow to reduce its debt levels and allow it to progress its previously announced growth strategies.  Commenting on the sale, Thomson Geer consultant Peter Nankivell said “Thomson Geer has acted for Village for many years and we are pleased to have been able to support them on this important strategic transaction.”