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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
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