Grupo GMR, owner of
Under the brand Lux Cinemas, the new theatres will offer screening roomscatering to uses beyond feature films, including business meetings andpresentations, and specialized film and video screenings.
The plans,which foresee an investment of more than $33.8m (Euros 26.8m), encompass 160new screens and more than 33,000 seats in 14 new complexes. Cinebox had 34 multiplexesand 349 screens at the end of 2005.
The announcement comes afterseveral years of other well-known chains selling off shares or abandoning theSpanish market.
The most active buyer hasbeen