Property investor Robert Tchenguiz has left the board of cinema chain Odeon, which was bought for £431m by German bank WestLB.
A board row is understood to have prompted the move by Tchenguiz, who along with Guy Dellal and WestLB’s Robin Saunders, invested equity in the deal.
Reports have claimed the value of Odeon may have fallen so much since acquisition that it has wiped out the equity in the deal.
References: Financial Mail on Sunday 19/10/03 Page 2
