Andy Vajna's distribution and exhibition concern InterCom has received a $25m cash injection that will help finance expansion beyond its roots in Hungary and Romania.
The equity expansion sees the arrival of GE Capital, Raiffeisen Private Equity and ABN Amro as shareholders. Vajna will remain the majority shareholder.
The cash will go towards an unspecified "series of initiatives" that are expected to include an expansion of the Hollywood Multiplex chain. InterCom plans to increase its screen count from 32 at present to 75 by the year end through its joint venture with Village Roadshow and 300 by the end of 2003.