New Lineo will use Shamrock's investment to invest €100 million by 2012 in developing similar Cinema City projects in Israel and Europe.
Shamrock Holdings, the investment arm of Walt Disney Co. (NYSE: DIS), has acquired 25% of New Lineo Cinema (2006) Ltd., the developer of Cinema City at Glilot Junction in Ramat Hasharon. New Lineo will use Shamrock's investment to invest €100 million by 2012 in developing similar Cinema City projects in Israel and Europe.
Shamrock has been active in Israel for 30 years. Its investment in Cinema City is strategic.
Published by Globes [online], Israel business news - www.globes-online.com - on January 25, 2009
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