(AOF) – AMC Entertainment gained 2.9% in pre-market despite the denial of the British cinema operator Cineworld on a possible sale of its assets to the American group. “Cineworld wishes to clarify that neither it nor its advisors have been involved in any discussions with AMC Entertainment Holdings Inc. regarding the sale of any of its movie theater assets,” the company said.
The British film company, which also owns the Picturehouse brand, stressed that it was focused on selling the business as a whole, rather than seeking buyers for individual assets, and that it planned to contact the interested parties later this month.
The company was forced into bankruptcy protection in the United States in the fall after failing to bounce back from shutdowns during the Covid outbreak. The closures, which forced most of its 751 sites to close, contributed to a loss of $708 million last year and the accumulation of $4.8 billion in debt.