Astoria Cinemas files for bankruptcy
TT/The Local · 10 Jul 2007, 14:58
Published: 10 Jul 2007 14:58 GMT+02:00
Last autumn the company, saddled with debts worth 80 million kronor, avoided a crisis by selling its regional cinemas to SF Bio. Creditors also agreed to write off 25 percent of the debts.
At the end of May SF Bio bought Astoria's cinemas in Stockholm and Gothenburg, and managing director Mattias Nohrborg resigned. A month later his company, Triangelfilm, went bankrupt.