Cineplex Inc., Cineworld Group plc - M&A Call Transcript
Everyone, I hope you hear me well. But thank you for coming. Okay. So we'll go through the agenda very briefly. Transaction highlights, Cineplex overview, creation of the leading cinema operator in North America, transaction structure, expected time line and summary.
So we'll start with the highlights. Most of you are aware, but I'll go through this briefly. Acquisition of Cineplex is the #1 exhibition circuit in Canada, holding 75% of the market share in the Canadian market, 165 cinemas with approximately 1,700 screens. Highly synergetic (sic) [synergistic] deal. I think that what jumps out immediately when we look at the acquisition and when we analyzed it in the past few months. And very deeply in the last few weeks, really great synergistic opportunity which means $130 million run rate as a combination benefits. Of course, this will be reached by applying best practice by sides of revenues and by side of costs. And we will go in details in a few minutes.
Post synergy, we are showing a business which will be on the
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