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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Cineworld expects to exit bankruptcy protection in July, but shareholders move to stop wipeout plan

Struggling cinema chain Cineworld now expects to emerge from Chapter 11 bankruptcy protection in July, but a complaint from shareholders who risk getting wiped out could put that in doubt.

The business, which also includes Picturehouse, agreed a deal in April where creditors would take control of the business, wiping out shareholders, in order to cut its debts by $4.5 billion.

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