New entity is one of the biggest filmed entertainment outfits in Europe.
Germany’s Senator Entertainment has successfully finalised its merger with France’s Wild Bunch, the newly enlarged entity announced in a statement on Thursday.
The operation, involving a capital increase by Senator for a total of some 55 million shares, was approved at an AGM in September.
After the registration of the capital increase in the commercial register , the delivery and listing of the new shares was expected to take place on February 6.
Under the merger, first announced in July, Wild Bunch’s current management team has been appointed as directors of the new entity, with Vincent Grimond taking on the position of CEO, Vincent Maraval, Chief Content Officer, and Brahim Chioua as COO.
Max Sturm, as sole director of Senator responsible for the recent recapitalisation and restructuring of the company and the merger with Wild Bunch, will take over the position of chief financial officer.
Under the merger, the new entity becomes a major pan-European filmed entertainments distribution and production company with a library of more than 2,300 titles.
Grimond told Screen last year that the merger signalled a new era for both entities. “It will create an entity far more powerful than the sum of the two parts,” he said.
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