The world’s second largest cinema chain operator after AMC Entertainment in September placed most of its activities under the protection of the bankruptcy law. The company’s commercial operations in Poland, Czechia, Slovakia, Hungary, Bulgaria, Romania and Israel are not under bankruptcy protection and accounted for around 13% of its 2021 revenues.
In early April, Cineworld abandoned its plans to sell its US, UK and Ireland operations after failing to find a buyer and submitted a reorganization plan to slash its debts by around $4.53 billion and raise $2.26 billion to exit bankruptcy.
Cineworld shares have lost 76% in 2023 on the London Stock Exchange.
(English version by Catalina Apostoiu)