HMV confirms £32m sale of Hammersmith Apollo, extends bank facility

The buyer, pending approval by HMV shareholders and regulatory bodies, is a new joint company formed by AEG and CTS Eventim.

Subject to completion of the disposal and the satisfaction of customary conditions precedent, the HMV Group has amended its existing £220m Bank Facility with its existing lenders and extended it to 30 September 2014.

In a statement, HMV said its directors "believe the disposal of HAL will allow management to focus more closely on HMV's strategy for its core ...

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