Cineworld halts sale of Irish, UK, and US business

The world's second-largest cinema chain operator, Cineworld placed the majority of the business under US Chapter 11 bankruptcy protection in September.

Cineworld has scrapped plans to sell its US, UK, and Ireland businesses after failing to find a buyer, the cinema chain operator said on Monday, as it proposed a new debt restructuring plan.

The world's second-largest cinema chain operator behind AMC Entertainment placed the majority of the business under US Chapter 11 bankruptcy protection in September.