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Cineworld Cleared to Exit Bankruptcy, Slash $4.5 Billion of Debt.

Authors :
Pollard, Amelia
Source :
Bloomberg.com; 6/28/2023, pN.PAG-N.PAG, 1p
Publication Year :
2023

Abstract

(Bloomberg) -- Cineworld Group Plc, the parent company of Regal Cinemas, was cleared to exit bankruptcy and slash billions of dollars in debt after nine months in Chapter 11 protection. The bankruptcy cost Chief Executive Officer Mooky Greidinger and his brother, deputy CEO Israel Greidinger as much as $1 billion, because they were Cineworld's biggest shareholders, a lawyer for the company said in the hearing. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
164616153