The Mexican Cinépolis enters the Spanish market by purchasing Yelmo Cines

Cinépolis closes a negotiation to acquire Yelmo Cines, which has 414 theaters in 37 complexes spread across twenty Spanish cities.

The Mexican company Cinépolis has closed the purchase of Yelmo Cines, the second largest cinema chain in Spain, thus beginning its expansion plans in Europe.

Con alrededor de 12 millones de asistentes al año, Yelmo Cines cuenta con 414 salas en veinte ciudades en España. Con esta adquisición, Cinépolis incrementa su número de pantallas, pasando de 3,934 a 4,348 salas.

Miguel Mier, director general de Operaciones de Cinépolis, reconoce que “desde hace 12 años hemos operado en mercados internacionales tan diversos, como Centro América, Estados Unidos o India. Este aprendizaje se traducirá en llevar nuestras mejores prácticas al atractivo mercado español”:

Arturo López Martín, General Director of Investments at Cinépolis, commented that "the acquisition of Yelmo Cines is a fundamental step in our international expansion. Yelmo gives us the best possible platform to enter the film exhibition market in Spain, a country with a recovering economy and with the highest projected GDP growth in the Eurozone."

Fernando Évole, new Country Manager of Cinepolis for Spain, highlights that "this operation will allow Yelmo Cines to be part of the best cinema operator in the world, which will undoubtedly provide us with many opportunities to continue growing and developing the exhibition business in Spain."

Cinépolis will operate in practically all the autonomous communities of Spain, with a presence in cities such as Madrid, Barcelona, ​​Bilbao, Valencia, Málaga, La Coruña, Santa Cruz de Tenerife, Alicante, Oviedo and Gijón.