Confirmed: Universal sells Co-Op - and racks up £530m from EMI asset sales

Universal parent Vivendi has confirmed that it has finalised a deal to sell Co-Operative Music. Music Week understands that [PIAS] has been successful in its acquisition bid for the rival distribution and services company.

Following the announcement of its full-year fiscal results last night, Vivendi has confirmed to Music Week that seven divestments related to Universal's acquisition of EMI Music - aside from Parlophone Label Group - have now been sold to six separate buyers for around £45m in ...

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