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.

Already a subscriber? Sign in

You have reached your article limit.

Subscribe to access all of the Irish Examiner.

Annual €130 €80

Best value

Monthly €12€6 / month

Benefit image

CONNECT WITH US TODAY

Whatsapp logo

WHATSAPP

Newsletter logo

NEWSLETTERS

Notification logo

NOTIFICATIONS

Be the first to know the latest news and updates

More in this section

Indonesia Extreme Weather Landslides Our money is fuelling climate change
DAA denies ad campaign about airport emissions was effort at greenwashing  DAA denies ad campaign about airport emissions was effort at greenwashing 
ieBusiness Podcast: Cork Film Festival Director Fiona Clark speaks of soaring running costs ieBusiness Podcast: Cork Film Festival Director Fiona Clark speaks of soaring running costs
CourtsBusinessHeathrowPlace: USPerson: Guy Hands’Person: Charles AllenOrganisation: EMIOrganisation: CitigroupOrganisation: Terra FirmaOrganisation: GorillazOrganisation: ColdplayOrganisation: ITVOrganisation: EMI Music
Guinness is to open its new brewery in London later this week after a £73 million investment (Diageo/PA)

Guinness opening £73m London brewery venue this week

READ NOW

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Latest

Business

Push Notifications

By clicking on sign up you will be the first to know about a selection of business content on this browser. Please note if you are unable to sign up via your mobile web browser, download and sign up for mobile push notifications via our FREE news app.

Sign Up
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Fergus Finlay
Fergus Finlay

Analysis

Lunchtime News

Newsletter

Keep up with stories of the day with our lunchtime news wrap and important breaking news alerts.

Most Read

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited