Troubled Cineworld to focus on sale of entire group      

World’s second-largest cinema group will woo other buyers after AMC Entertainment quit talks to buy Cineworld theatres

Cineworld filed for US bankruptcy protection in September after it was battered by Covid-related restrictions and shutdowns. File picture

Cineworld will focus on a sale of the group as a whole rather than individual assets, the British cinema operator said, sending the troubled company’s shares lower.

The world’s second-largest cinema group filed for US bankruptcy protection in September to try to restructure its debt and strengthen its balance sheet as the industry navigates a bumpy road to recovery after Covid-related restrictions and shutdowns battered the sector.