Terra Firma 'considers Odeon sale'

The Odeon and UCI cinema group is being lined up for a potential £1bn (€1.13bn) sale by its private equity owner Terra Firma, according to reports today.

Terra Firma – which is run by financier Guy Hands – is understood to be close to appointing Bank of America Merrill Lynch to advise it on a sale or a refinancing deal after receiving approaches for the cinema business.