Company News Summary
Event Hospitality and Entertainment Requests for Arbitration Filed Against Vue
25 May 2022 | 08:51:00 | Associate analysts | Increase | Decrease | 
Original announcement: Request for Arbitration filed against Vue
Event Hospitality and Entertainment provided an update regarding its ongoing dispute with Vue Nederland B.V. and Vue International Bidco (Vue) in relation to the sale of the Group's German cinema operation (Cinestar) to Vue under a Sale and Purchase Agreement (SPA). As previously announced to the market, the Group's position is that Vue had unilaterally failed to take certain steps under the SPA which were necessary to meet a condition imposed by the German Federal Cartel Office (FCO), as a result of which the sale as notified had become a prohibited transaction.
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