OREANDA-NEWS. September 09, 2014. SORAINEN Estonia advised Apollo Cinema in purchasing Solaris Cinema from Solaris Property Partners. Solaris Cinema is one of the two biggest multiplex cinemas with 7 screens in Solaris shopping center placed in the city centre of Tallinn.

Apollo Cinema is part of Apollo Holding group, which in addition to cinemas operates the Apollo bookstore chain after acquiring it from Rautakirja in 2012. Apollo Cinema was founded in 2012 and in May 2014, they opened their first cinema with 3 screens and 420 seats in Parnu. “A cinema is a cinema and the recipe to offer good experience is simple – the best movies, high technical quality and good service. We have ambitious plans for Apollo Cinema but it is too soon to reveal them,” commented Mauri Dorbek, the chairman of the board of Apollo Cinema.

SORAINEN advised Apollo Cinema on share purchase transaction and lease agreement negotiations with Solaris shopping center and also on getting approval from the Estonian Competition Authority.

The SORAINEN team included partner Toomas Prangli, senior associate Paul Kunnap and associates Mari Matjus and Juulika Aavik.