Cinven, the private equity provider for larger European buy-outs, has acquired Odeon, Britain's largest cinema operator, from the Rank Group for £280m (E448m). Odeon will be merged with ABC Cinemas, already owned by Cinven, and the combined business will keep the Odeon name. The enlarged business will be run by Odeon's management team. Odeon operates 75 sites comprising 464 screens . ABC has 57 sites with 174 screens.