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Further to the announcement of 23 August and the recently announced intention of TV-Loonland AG to sell its majority shareholding in Metrodome, the board of Metrodome commenced the tender process for this shareholding. The first round of that process has now been successfully completed. Interest in the process and expressions of interest were received from North America, Europe and the United Kingdom, both from strategic investors, the film industry and venture capital funds. The board of Metrodome have drawn up a shortlist of four interested parties with whom they have entered into the second stage of the process. TV-Loonland believes that the positive prospects for Metrodome after the successful restructuring/strategy change and the strong film slate should be reflected in appropriate sale proceeds for the Home Entertainment company. The Sale may result in an offer to all existing shareholders of Metrodome. |
