City firm Ashurst has missed out to former partners at Gibson, Dunn & Crutcher on the $1.2bn sale of London-based Odeon & UCI Cinemas Group by private equity owner Terra Firma.
Wanda-owned American cinema chain AMC Theatres resurrected a deal for Odeon & UCI, having previously stated the deal would be off if the UK voted to leave the EU, in one of the biggest European deals following the Brexit vote. The deal makes AMC Theatres the largest cinema operator in the world, with 627 theatres and 7,600 movie screens in eight countries.
