Cinema Park buys Kinostar de Luxe.

The largest national cinema network "Cinema Park" (belonging to "Prof-Media" group) announces about purchasing of 100% stake in Rising Star Media (network of cinemas under the «Kinostar de Luxe» brand) in UFG Private Equity, Shari Redstone and Paul Heth. Rising Star Media will be fully integrated into the network of "Cinema Park" till the end of 2011. The purchasing is made by the company expenses with means of Vladimir Potanin a shareholders of the"Interros" company.The transaction amount is not disclosed. Read more.