Cineworld deal points towards M&A uptick

Barclays is advising Cineworld on the acquisition of an eastern European cinema chain, while JP Morgan is leading the fundraising

Barclays has landed a role advising UK cinema group Cineworld on one of the first corporate acquisitions of the year to involve equity fundraising, in a deal viewed as a positive indicator for the year ahead.

The UK bank is acting as sole financial adviser to the London-listed cinema chain on a £503 million deal to buy eastern European peer Cinema City International, according to a stock exchange announcement this morning.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached