Cinema large Vue picks finance chief forward of potential float | Cash Information

Vue, Europe’s largest cinema operator, will on Friday announce the appointment of a brand new finance chief as its house owners pave the way in which for a strategic assessment which might result in a inventory market flotation.

His arrival will come because the shareholders who took management of the chain in a post-pandemic monetary restructuring put together to discover choices for the enterprise within the subsequent 12 months.

Cash weblog: Soccer followers could be rejected from job in the event that they assist rival staff

Whereas no selections have been taken or a proper course of initiated, banking sources imagine Vue is more likely to study alternatives for a sale or inventory market itemizing in 2026.

The enterprise was beforehand owned by the Alberta Funding Administration Company (AIMCo) and Omers, two Canadian pension funds.

Mr McArthur will work alongside Tim Richards, Vue’s founder and chief govt.

The group now operates from greater than 220 websites in eight nations, with near 2,000 screens.

It’s a main participant within the UK, the place it has benefited from the disaster that noticed Cineworld plunged into insolvency proceedings.

Vue has launched a premium large-format expertise known as EPIC, which options new imaginative and prescient and sound applied sciences and is designed to distinguish the corporate from rivals, which additionally embody Odeon.

Vue declined to touch upon the potential for a inventory market itemizing or different type of transaction.

Supply hyperlink