CVC Capital Partners and Elliott Management are among the suitors which have tabled bids for parts of Cineworld, as the debt-saddled cinema chain plots an exit from bankruptcy proceedings.
They have both made offers for Cineworld’s Israeli and eastern European businesses.
Last month, Joshua Sussberg, a lawyer acting for Cineworld, told a US bankruptcy court in Texas that the struggling cinema operator had received “many offers” for its operations outside the US and the UK but only “some strategic interest” in its full business.
Cineworld — which owns 128 cinemas in the UK under the Cineworld and Picturehouse brands and 511 cinemas in the US under the Regal brand — also runs Cinema City across six countries in eastern Europe and Planet Cinema in Israel.
