Cineworld has resurrected plans for a flotation. The Times. Financial Times
The UK's second-largest cinema chain, which is owned by private equity group Blackstone, yesterday set an indicative price range for its shares of 155p to 185p, valuing the company at £245m.
Cineworld operates a portfolio of 72 muliplexes, comprising 753 screens, and has a 21 per cent UK market share. It will use the proceed of the float to reduce debt
In 2006, its generated revenues of £265m and EBITDA of £46m.