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Cinemex Will Close Movie Theaters And Restructure Debt

Grupo Cinemex, the second-largest movie theater chain in Mexico, will close its movie theaters indefinitely and work with banks to restructure at least 230 million dollars in debt. The company, owned by the Larrea family, which controls copper miner Grupo Mexico, would be closing a deal with banks including BBVA, HSBC Holdings, Banco Santander and Bank of Nova Scotia, according to people familiar with the private negotiations.

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