German N.e.U.e. writes too many I.O.U.s

Business Brief

German Imax chain N.e.U.e. Theatergesellschaft has declared insolvency, it was confirmed Monday.

Company is in talks with shareholder Riech-Gruppe, which is also a shareholder in theater chain Ufa, to take over the remaining 51% in the three Imax cinemas in Frankfurt, Dusseldorf and Bochum that they jointly run.

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