Cookies notification

This website uses cookies to provide you with a better experience

You can adjust your cookie settings at any time at the bottom of each page. If you do not adjust your settings, you are consenting to us issuing all cookies to you

This notification will be automatically dismissed in , dismiss this countdown.

Welcome to our new website What do you think?

Cineworld Response to Competition Commission Announcement

screen-poster

Cineworld Group plc ("Cineworld") notes the Competition Commission's final decision regarding the acquisition of Picturehouse by Cineworld published today and in particular its requirement that Cineworld dispose of one cinema in each of the local areas of Aberdeen, Bury St Edmunds and Cambridge.

Having looked at a range of financial and strategic considerations, Cineworld reluctantly intends to dispose of the local Picturehouse cinema in both Aberdeen and Bury St Edmunds. In Cambridge we are still evaluating our options whether the local Picturehouse or Cineworld cinema will be sold.

Commenting on the announcement, Stephen Wiener, Chief Executive Officer of Cineworld Group plc, said: "We are disappointed by the Competition Commission’s final decision to require us to sell three of our cinemas. We will be selling these cinemas as going concerns and will be supporting our affected cinema teams through the sale. In the meantime, Cineworld


Top blog articles