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Terra Firma mulls 1 bln stg Odeon sale – sources

  • Listed: April 1, 2011 11:23 am


* Terra Firma weighs Odeon sale, refinancing-sources * BoA Merrill Lynch seen as logical adviser * No decision to sell taken, no mandate awarded yet (Adds background) By Simon Meads and Victoria Howley LONDON, March 31 (Reuters) – Guy Hands’s private equity firm Terra Firma is weighing a sale of the Odeon & UCI cinema chain, people familiar with the situation said on Friday, as it eyes its next divestment. The buyout house has been talking to Bank of America Merrill Lynch, which would be a logical choice of adviser given its close links to the firm, but it had not awarded the bank a formal mandate, two people said. A sale of the business could fetch between 700 million pounds ($1.1 billion)…

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