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Home > Magazine > Article Archive > News

News: Hands Interested in EMI for Less Than Citigroup Seeks at Auction
Posted on Monday, February 14, 2011 @ 15:27:06 UTC
Topic: Labels

British financier Guy Hands said he is considering buying EMI Group Ltd. a week after Citigroup Inc. seized control of the record label from his private equity firm. "Itís a question of price," Hands said in a speech to business owners in Guernsey on Feb. 8, his first public appearance since losing his stake in EMI. "Terra Firma and Citigroup agreed on what EMI was worth back in 2007. We clearly both got it wrong. Now, we disagree quite strongly about what itís worth," he said. "They are going to auction it, and we will see if they can get more for it than we offered." Complete Article





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