EDC provides Mexico’s Cinépolis with $11million loan

Region:

Americas

Dalia Gebrial

News, Data & Events Executive

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Export Development Canada (EDC), the Canadian export credit agency (ECA), is providing $11million worth financing for Mexican theatre operator Cinépolis Group. The move comes as part of a wider attempt by the group to take advantage of the growing Latin American movie market, which has seen an 80% increase in box office revenues between 2009-2013.