Investors interested in cinema group’s Israeli and eastern European businesses via IrishTimesBiz
Cineworld – which owns 128 cinemas in the UK under the Cineworld and Picturehouse brands and 511 cinemas in the US under the Regal brand – also runs Cinema City across six countries in eastern Europe and Planet Cinema in Israel.
CVC and Elliott did not table bids for Cineworld’s US and UK operations, the chain’s two biggest markets. CVC, Elliott and Cineworld declined to comment. But a person close to the bankruptcy process said: “It’s not a stupid idea to think of selling off part of the business to reduce the amount of new capital required” when the “company emerges from bankruptcy in the coming months”.
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