Aug 12, 2021
Cineworld considers US listing as pandemic worries persist
Cineworld, the world's second-largest cinema operator, is considering listing all or part of its business in the US as it warned that there could be "No certainty" over its recovery from the pandemic. The group said on Thursday that it was considering ways to capture some of the liquidity in the US markets through either a listing of the overall Cineworld group or a partial listing of Regal, its US cinema network. "The board will evaluate these options over the coming months and will consult with shareholders in due course if any formal proposals are to be made," Cineworld said. It has been a rough pandemic for Cineworld, which came close to financial collapse in November, had to fight a court battle against one of its landlords and faced a shareholder revolt over a £65m bonus package for its top two executives. Cineworld said it was "Engaging with the dissenting shareholders to reach a constructive resolution".
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