Entertainment
Credit Suisse finds PE bids for Hoyts; Wanda mulls next move – The Australian Financial Review
China’s Wanda has sent out a search party to find a buyer for its Australian cinema chain Hoyts.
Chinas Wanda Cinema Line has sent out a search party to find a buyer for its Australian cinema chain Hoyts.
Street Talk can reveal Hoyts owner Wanda is mulling calling time on its six year investment in Australias entertainment sector, and has formally mandated Credit Suisses investment bankers to talk to potential buyers on its behalf.
Hoyts CEO Damian Keogh is looking at options for a $400 million-odd loan due early next year, while Hoyts owner Wanda reviews preliminary offers from buyout firms….
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