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UCG buys Virgin cinemas for £215m

UGC of France is paying £215m to buy Virgin’s UK and Irish cinema interests.

The media and environmental services group is buying 300 screens at 34 sites.

Virgin has invested about £45m in the chain in the past four years.

Financial Times 19/10/99 page 28
The Times 19/10/99 page 33
The Independent 19/10/99 page 20
The Guardian 19/10/99 page 23

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