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.
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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