Cineworld Responds To CC Announcement; Says Disappointed After CC Findings

Cineworld Group plc (CINE.L), an investment holding company, noted the Competition Commission’s Notice of Provisional Findings published today and in particular its provisional view that the Picturehouse acquisition by Cineworld may liekly to result in a substantial lessening of competition in three local areas. Also, Cineworld noted the Commission’s proposals to remedy any harm to competition in these areas, such as divestment of an appropriate Picturehouse or Cineworld cinema.