Cineworld said it would no longer put up for sale its US, UK and Ireland businesses as the movie chain operator failed to find a buyer for the group, sending shares in the cinema chain operator down 35%
Under a new tentative deal with lenders it said it aimed to reduce debt by about $4.53 billion, mainly through creditors getting equity in a reorganised group.The plan also includes raising"This agreement with our lenders represents a 'vote-of-confidence' in our business and significantly advances Cineworld towards achieving its long-term strategy in a changing entertainment environment," CEO Mooky Greidinger said in a statement.
The company said it would continue to consider proposals for the sale of its 'Rest of World' business, which accounted for about 13% of its revenue in 2021 and comprises operations in Poland, the Czech Republic, Slovakia, Hungary, Bulgaria, Romania and Israel.separate takeover bids for its eastern Europe and Israeli operations, Sky News reported.On Monday they tumbled as much as 38% to 1.8 pence in early trade.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Kevin Durant scores 35, leads Suns past Thunder in latest return to OKCKevin Durant scored 35 points in leading Phoenix to a win over Thunder in latest return to OKC.
Consulte Mais informação »
35 Celebrities Who Married Or Are Dating Complete Normies With Totally Normal JobsDolly Parton married to a professional asphalt layer just feels right.
Consulte Mais informação »
Cineworld ditches sale of US, UK businesses after failing to find buyerCineworld said on Monday it would no longer put up for sale its U.S., UK and Ireland businesses as the movie chain operator failed to find a buyer for the group, sending shares in the cinema chain operator down 35%.
Consulte Mais informação »
First gray whale of the year dies in SF Bay AreaThe 35-foot-long gray whale washed up on Bolinas Beach late last month.
Consulte Mais informação »
Southeast Asian Market returns to FDR Park in Philadelphia for summer monthsThe community hub has been in place for over 35 years, the website says.
Consulte Mais informação »
Cineworld looks to raise $2.26 billion to emerge from bankruptcyCineworld Group Plc is planning to raise $2.26 billion, according to a court filing on Sunday, as the theater chain aims to emerge from Chapter 11 bankruptcy in the first half of 2023.
Consulte Mais informação »