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Future of British Business

Vue Cinema Chain Will Be Taken Over by Lenders in Restructuring

  • Vue’s Canadian pension fund owners will exit the firm
  • The company operates more than 200 cinemas across Europe
Updated on

A group of lenders are taking over UK cinema chain Vue International in a restructuring deal for part of the firm’s £700 million ($828 million) debt.

Lenders led by Barings LLC and Farallon Capital Management LLC will swap a portion of the debt they own in the company for equity, according to people familiar with the matter.