Chinese Conglomerate Trims Stake in AMC Entertainment

By Anonymous

Movie-theater owner says Dalian Wanda Group now owns about half of the company

AMC Entertainment Holdings Inc. raised $600 million from private-equity firm Silver Lake Partners and repurchased roughly a third of the stake held by a Chinese conglomerate, marking a major ownership shift for the movie-theater owner.

Dalian Wanda Group Co.’s partial exit comes as Chinese regulators have aimed to limit Chinese companies’ investments abroad. The Beijing-based conglomerate acquired a majority stake in AMC six years ago.