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Svenska Bio strikes deal to acquire Astoria Cinemas

Swedish insolvent cinema circuit, Astoria Cinemas - once the country's second-largest theatre chain - has been sold to Svenska Bio, which is 49% controlled by Svensk Filmindustri (SF), a sister company of market leader SF Bio. After the deal, with Svenska Bio, Bonnier-owned SF and SF Bio account for almost 80% of Swedish exhibition.

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