Cineworld Cinemas logo

Chief Cineworld shareholder sells partial stake as stock slumps

Cineworld said on Monday its biggest shareholder would sell almost a third of its stake in the British cinema operator to refinance a margin loan, after shares in the company sank to a 7-year low on bets audiences would collapse in the coronavirus crisis. Adds slide at open, deal price, details on GCT March 9 (Reuters) – Cineworld said on Monday its biggest shareholder would sell almost a third of its stake in the British cinema operator to refinance a margin loan, after shares in the company sank to a 7-year low…

Read More