Dentons acts in local acquisition of Cinemark by Multicines
Dentons Paz Horowitz has acted in the acquisition of Cinemark’s local operations in Ecuador by the Ecuadorian cinema chain Multicines.
The transaction closed on 6 November, making Multicines the sole shareholder of Cinemark’s Ecuadorian subsidiary. As part of the acquisition, Multicines also gained control of Cinemark’s seven cinemas in Ecuador, strategically located in Quito, Guayaquil, Manta, Ambato and Latacunga. With this move, Multicines intends to make strategic investments in the acquired cinema assets to improve overall operational efficiency.
Headquartered in Quito, Multicines operates a total of 18 cinemas across Ecuador, employing approximately 340 people. The acquisition aligns with Multicines’ broader strategy to strengthen its presence and capabilities in the cinema industry.
Dentons’ team was represented by partners Jorge Paz (pictured left) and Agustín Acosta (pictured right), together with counsel Lorena Vivanco and associates Eduardo Esparza, Sara Romero and Valeria Rosero.
