Steve Milne Makes Comeback At Molinare

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Foubert’s Place-based facility Molinare‘s website is reporting that staff are “delighted to be informed that Steve Milne and his consortium are to buy the Company, the sale of which is expected to complete this week”.

Milne first purchased Molinare in 2003. He then sold the majority of his shares to Century Communications of India in 2008 before making a complete exit from the Company in September 2010. Now though he is set to return by buying out Century’s interest in the company.

Under Century, Molinare has seen significant investment and was also named Best Post Production House at the Broadcast Awards. At the same time, however, it has also seen its level of debt increase significantly.

Molinare says it will release a fuller statement on the deal is concluded, which is expected to this week.