Agefi – Dow Jones |
|
Filing for bankruptcy in sight for Cineworld, the action unscrews | Photo credit: Shutterstock
PARIS (Agefi-Dow Jones)–Cineworld shares plunge 72% in London, to 2.76 pounds, as the British cinema chain prepares to file for bankruptcy in the coming weeks, according to information from the Wall StreetJournal. Cineworld is expected to file for Chapter 11 protection in the US and is also considering insolvency proceedings in the UK, the US outlet added based on sources familiar with the matter. Contacted by the agency Agefi-Dow Jones, a spokesperson for Cineworld was not immediately available to comment on this information. ([email protected]) ed: VAT
Agefi-Dow Jones The financial newswire
Dow Jones Newswires
August 19, 2022 10:30 ET (14:30 GMT)