Mexico’s Cinépolis, the fourth largest movie theatre chain in the world, is restructuring its debts.
The group, hard-hit by the pandemic, has debts amounting to US$1.3bn and financial sources are reporting that it has hired the asset management company Lazard to start discussions with its creditor banks, the BBVA, HSBC, Santander and the National Foreign Trade Bank.
The group has 862 cinema complexes in 17 countries, led by the US, Spain, India and Brazil, many of which remain closed.
