Cinema Park To Purchase KinoStar DeLuxe Cinemas For $ 100 Million

All shares of KinoStar DeLuxe Cinemas movie theater chain have been sold to Cinema Park. All shares held by Shari Redstone, Paul Heath and UFG Private Equity were sold to ProfMedia, Cinema Park’s parent company. The shares were believed to be valued at approximately $ 100 million. ProfMedia is owned by Russian billionaire, Vladimir Potanin.