By Scott Kanowsky
Investing.com — Shares in Cineworld Group (LON:) surged on Monday after Sky Information reported that buyout group CVC is exploring a attainable takeover of the stricken theater chain’s belongings in japanese Europe and Israel.
CVC is competing towards U.S. activist investor Elliott Administration for the divisions, Sky Information added, citing unspecified “Metropolis sources.” Neither CVC nor Elliott are pursuing presents for Cineworld’s U.Ok. or U.S. models, in response to Sky Information.
CVC declined to remark to Sky Information.
London-listed Cineworld has models price about an estimated $500 million outdoors of the U.Ok. and U.S., Sky Information reported, with operations within the Czech Republic, Hungary, Bulgaria, Romania, Slovakia and Israel.
Final month, Cineworld stated it had obtained non-binding proposals from a number of suitors for some or the entire group, including that not one of the proposals concerned an all-cash bid for the whole enterprise.