Bankrupt chain says it is looking for buyer for entire business, rather than offloading individual sites
The bankrupt chain Cineworld has denied it attempted to break up the business and sell some of its cinemas to the owner of its rival Odeon, insisting it was holding out hope for a buyer interested in acquiring the entire business.
The denial comes after reports claimed the world’s second-largest cinema chain, which filed for bankruptcy protection in the US in September, had been in talks to offload some of its cinemas in the US and Europe to AMC Entertainment.
Bankrupt chain says it is looking for buyer for entire business, rather than offloading individual sitesThe bankrupt chain Cineworld has denied it attempted to break up the business and sell some of its cinemas to the owner of its rival Odeon, insisting it was holding out hope for a buyer interested in acquiring the entire business.The denial comes after reports claimed the world’s second-largest cinema chain, which filed for bankruptcy protection in the US in September, had been in talks to offload some of its cinemas in the US and Europe to AMC Entertainment. Continue reading…
