Koelmels step down as MBO secures Kinowelt's future

By 2002-07-12T04:05:00

Kinowelt co-founders brothers Rainer and Michael Koelmel have stepped down from the company as an investor group led by Kinowelt executives Marcus Schoefer and Jerry Payne moved to take over the company's core businesses of theatrical distribution, home entertainment and license dealing in a management buy out.

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