Solaris cinema likely to be sold to Apollo

in a space-themed acquisition of a central Tallinn property, Solaris, one of the two multiplex cinemas in the city center, is likely to be bought by a subsidiary of the Apollo media group after a deal was inked late last week.

Approval from the Competitiion Authority is needed for the would-be sale to Apollo Kinod, which also operates a cinema in Pärnu.

The multiplex in the Solaris shopping mall was a Cinamon movie theater but was unloaded soon after the mall opened.

Last year, the current owner, Solaris Property Partners, then tried to shop the business to Forum, which operates the other city center multiplex in Coca-Cola Plaza, but antitrust regulators blocked the sale.

Source: ERR News

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