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HMV completes sale of Hammersmith Apollo

HMV Group has completed the £32 million sale of the Hammersmith Apollo following clearance by the German Federal Cartel Office and the Office of Fair Trading.

GENERAL MERCHANDISE

HMV completes sale of Hammersmith Apollo

The entertainment retailer has sold the venue to Stage C, a new joint company formed by AEG and CTS Eventim.

In a statement made in May, HMV Group said: "The Hammersmith Apollo is an iconic London venue and it has been a privilege to own it over the last three years. However the sale will enable HMV to extend its bank facilities, strengthen its capital structure and ensure a strong future for the group."

HMV acquired the Hammersmith Apollo in 2010 by buying the venue's owner the Mama Group for £46 million.

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