Cineworld’s Forum Film Fined £150,000 by Israeli Court

Cineworld Group’s unit Forum Film was fined about £150,000 by Israeli court after the company agreed with the Israeli Anti-Trust Authority that it was in breach of the terms of a merger agreement from 2010.

• CEO Mooky Greidinger also personally fined approximately £23,000 and given a six-month suspended prison sentence, on condition of him having no further anti-trust offences in the next 24 months
• Cineworld doesn’t see impact on Forum Film’s continued ops
• NOTE: Cineworld’s Ex-Billionaires Watch Movie Theater Empire Crumble

NOTE

• Cineworld Group Plc fell 4.9% to GBp4.51 as of last close
  • 3 holds, 1 buys, 0 sells

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