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The Guardian - UK
The Guardian - UK
Business
Guardian staff and agency

Cineworld halts plan to sell operations in US, UK and Ireland

Chris Pine, left, and Regé-Jean Page in Dungeons & Dragons: Honor Among Thieves.
Chris Pine, left, and Regé-Jean Page in Dungeons & Dragons: Honor Among Thieves. Photograph: Landmark Media/Alamy

The troubled cinema chain Cineworld has said it will raise $2.3bn (£1.8bn) in new funding as part of a plan to exit bankruptcy and that it will terminate efforts to sell its US, UK and Irish businesses.

The debt-ridden group, which runs about 750 sites globally, filed for bankruptcy protection in the US last year.

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