AMC Entertainment Holdings Inc. (NYSE: AMC), the U.S. theater chain controlled by Asia’s second-richest man, agreed to buy Odeon & UCI Cinemas Group from Terra Firma for 921 million pounds ($1.2 billion) in cash and stock.

The acquisition by AMC, majority owned by Chinese billionaire Wang Jianlin’s Dalian Wanda Group Co., widens Wanda’s lead as the world’s largest operator of movie screens. Odeon, the first billion-dollar sale of a U.K. asset emerging since the Brexit vote, also adds to AMC’s planned acquisition of Carmike Cinemas Inc.

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