Entertainment One (ETO); purchases the remaining stake in Sierra Pictures

Published on 03-07-2018 07:44:28
Author Sparks Team

ETO, further to its initial investment in 2015, purchased the remaining stake as well in Sierra Pictures resulting in full ownership.

Sierra Pictures enhances ETO’s capabilities in producing and acquiring premium films and cultivating successful relationships with leading industry talent and creatives, further increasing direct involvement and ownership in the content.

After the completion of this purchase and to satisfy consideration for the acquisition, an application has been made to the UK Listing Authority and the London Stock Exchange for 1,231,768 common shares in ETO to be admitted to the official list and to trade in the London Stock Exchange. The admission of shares is expected to take place on 4 July 2018.

Share this with friends and colleagues