The biggest national cinema chain Cinema Park has announced today the acquisition of 100% of Rising Star Media shares (operates under the brand name Kinostar de Luxe) from UFG Private Equity, owned by Shari Redstone and Paul Heth. By the end of 2011 Rising Star Media will be fully integrated into the Cinema Park chain. The acquisition was financed by Interros shareholder Vladimir Potanin.

Holding constituents Rambler Media and Afisha will be united within the framework of a single structure. The company will be built on the base of Rambler. The General Director of the joined company will be Nikolay Molibog, who previously held the post of General Director at Afisha. Dmitry Stepanov and Yekaterina Kruglova, until recently deputy general directors at Afisha, will take on the positions of Products Director and Managing Director, respectively.

ProfMedia Finance closed the books for the debut ruble bond issue on July 20. The issue is guaranteed by the parent company ProfMedia Limited. Nominal value of the issued bonds is RUB 3bln, maturity is 5 years (put option in 3 years). Semiannual coupon was set at 10.5% pa till put. Standard&Poors assigned a preliminary rating B+ to this issue. The issue was arranged by ZAO Raiffeisenbank and ZAO KB Citibank.