Astoria sells cinemas to SF Bio

Astoria Cinemas is to sell its Biopalats cinemas in Stockholm and Gothenburg to SF Bio.

Astoria has also secured the right to show its own films at four SF Bio cinemas in Lund and Uppsala.

In addition, Astoria will have access to five screens at Biopalatset in Gothenburg from August 31st.

“SF Bio’s purchase of the cinema complexes in Stockholm and Gothenburg – where we are to have the use of five screens – means that we have partly secured our finances as well as having a better cinema structure for our concept of focussing on high quality films,” said Astoria’s CEO Mattias Nohrborg in a statement.