HMV will today finalise the sale of its Waterstone’s book chain in a £53m (€60m) deal that should help it secure its immediate future.

HMV will tomorrow finalise the sale of its Waterstone’s book chain in a £53m deal that should help it secure its immediate future.

Embattled retailer HMV Group today said it had agreed a deal to sell its book shop chain Waterstone's to a Russian billionaire for £53m (€60.1m).