Published: April 18, 2023 at two:20 a.m. ET

Cineworld Group PLC mentioned Tuesday that it has ended the promoting method for the ‘rest of world’ organization.

The London-primarily based cinema firm–which owns Regal Cinemas–mentioned that it had received proposals for the RoW organization but none met the worth level essential by its lenders.

Cineworld mentioned earlier this month that it had reached agreements…

By Ian Walker

Cineworld Group PLC mentioned Tuesday that it has ended the promoting method for the ‘rest of world’ organization.

The London-primarily based cinema firm–which owns Regal Cinemas–mentioned that it had received proposals for the RoW organization but none met the worth level essential by its lenders.

Cineworld mentioned earlier this month that it had reached agreements with its lenders to emerge from Chapter 11 bankruptcy in the U.S.

At that time Cineworld mentioned the promoting method in the U.S., the U.K. and Ireland would be terminated but proposals for the RoW continued to be thought of.

Cineworld expects to emerge from the Chapter 11 instances through the 1st half of 2023 and has previously mentioned that equity shareholders would not get something from the proposed restructuring.

Create to Ian Walker at ian.walker@wsj.com