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5 years ago
BRIEF-HMV announces Sale of MAMA Group and 50 pct interest in Mean Fiddler Group
December 3, 2012 / 12:05 PM / 5 years ago

BRIEF-HMV announces Sale of MAMA Group and 50 pct interest in Mean Fiddler Group

LONDON, Dec 3 (Reuters) - HMV Group PLC : * sale of MAMA Group Limited and its subsidiaries and its separately held interest in 50% of Mean Fiddler Group Limited ("MAMA") to Juno Newco * Net cash consideration for the sale of mama is £7.3M of which £3.5M will be

deferred for 12months * proceeds of sale will be used to reduce the company's debt

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