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London’s Landmark 8 Cinema changing hands

The organization has been purchased by a Belgian company. Landmark Cinemas

Canada’s second-largest chain of movie theatres is being bought by a Belgian firm for about $123 million.

Calgary-based Landmark Cinemas says a deal to be purchased by Kinepolis Group of Ghent, Belgium, is expected to close by the end of the year, pending various approvals.

READ MORE: London eyes bid for Amazon’s second headquarters

Landmark, founded in 1965, operates 44 cinemas and a total of 303 screens in Ontario, Western Canada and the Yukon.

That includes the Landmark 8 on Wellington Road.

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