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Cineworld Considers CVA as Potential Bidders Emerge

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June 28, 2024
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Cineworld, one of the world’s largest cinema chains, is considering a company voluntary arrangement (CVA) for its British operations as a potential solution to its financial struggles amid the COVID-19 pandemic. The company, which has been in talks with prospective buyers, has enlisted the help of restructuring experts at AlixPartners to explore this option. A CVA is a mechanism commonly used by…

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