Terra Firma wins time for EMI

Terra Firma chairman, Guy Hands won the approval of 80% of his investors to inject more money into the company and a spokesman from the company says, "Things is an exceptional vote of confidence in Terra Firma and EMI."

The private equity group needed the approval of three quarters of its investors to lift its stake in EMI to more than 30% of the value of the last two funds.

The focus is now on EMI to see if Hands ...

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