EMI owner agrees funding injection

The owner of music group EMI today pledged to inject more money into the business in order to prevent US bank Citigroup from taking control.

EMI owner agrees funding injection
Fri, 14 May, 2010 - 16:47

The owner of music group EMI today pledged to inject more money into the business in order to prevent US bank Citigroup from taking control.

Financier Guy Hands’ private equity fund Terra Firma has secured sufficient support from investors for the fundraising, which reportedly involves a sum of around €123m.

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CourtsBusinessHeathrowPlace: USPerson: Guy Hands’Person: Charles AllenOrganisation: EMIOrganisation: CitigroupOrganisation: Terra FirmaOrganisation: GorillazOrganisation: ColdplayOrganisation: ITVOrganisation: EMI Music
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