Sign In
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- US Share Prices
- Stock Tips
- Share Chat
- FX
- News & RNS
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
Cineworld plots sale of UK cinema operations - Sky News
(Alliance News) - Cineworld Group PLC is working with AlixPartners on options for its UK business which could lead to a sale or restructuring such as a company voluntary arrangement, Sky News reported on Saturday.
Sky News reported that the London-based cinema chain is working with advisers on a potential disposal of its UK operations.
It said that Cineworld has begun contacting prospective bidders "in recent days."
AlixPartners, the restructuring adviser which handled the administration of Cineworld's London-listed holding company last year, has been drafted in to work on the process.
Sky News said the sale process is expected to run for several weeks.
https://news.sky.com/story/cineworld-plots-blockbuster-sale-of-british-cinema-operations-13149740
By Sophie Rose, Alliance News senior reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2024 Alliance News Ltd. All Rights Reserved.
Shares in this article
Latest News
- BHP refused permission to appeal UK ruling holding it liable for Brazil dam collapse
8 mins ago - UK gilt yields fall sharply on hopes of quick resolution to Iran war
8 mins ago - Fermi rejects ex-CEO takeover bid, says solicitation "not valid"
18 mins ago - Second ADNOC LNG tanker crosses Strait of Hormuz amid Iran war, ship-tracking data shows
21 mins ago - Hantavirus-hit cruise ship evacuates 3 passengers, expected to head next to Spain
22 mins ago - European gas prices extend falls on potential US-Iran deal
23 mins ago - Rio Tinto's water use dries sacred waterhole, Aboriginal group says
29 mins ago
Related News
Cineworld in talks with landlords on UK closures - report
(Sharecast News) - Cineworld has reportedly started talks with UK commercial landlords about plans to shutter up to 25% of its British cinema estate.
Land Securities + 1 more share
IN BRIEF: Cineworld formally enters administration as planned
Cineworld Group PLC - London-based cinema chain - Says its parent company has formally entered administration, following outlining such plans on Frida...
Cineworld shares suspended, will enter administration on Monday
(Alliance News) - Cineworld Group PLC announced on Friday that it had suspended its shares from trading at the company's request and that it will ente...
Follow the stocks
