Financial Times FT.com

Bidders line up for sale of Redstone’s UK cinemas

By Salamander Davoudi

Published: June 25 2009 00:12 | Last updated: June 25 2009 00:12

Israel Theaters, Israel’s largest cinema group, and Empire Cinemas, the UK cinema chain, have reached the second round of bidding for the 21 UK cinemas put up for sale by Sumner Redstone, the US media magnate.

Israel Theaters, which is owned by the Greidinger Family, is also the largest owner of cinemas in Poland and a franchisee of Disney films and Sony Pictures in Israel.

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