Terra Firma writes off half of EMI buy
Guy Hands has written off half its €2.6bn investment in the music group accepting the likelihood of losses on one of the most eye-catching deals struck during the credit bubble
March 3, 2009
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Stock markets fall worldwide, with the Dow Jones at its lowest since 1997 and the UK’s FTSE 100 touching a six-year trough.
Terra Firma writes off half of EMI investment
Guy Hands has written off half its €2.6bn investment in the music group accepting the likelihood of losses on one of the most eye-catching deals struck during the credit bubble