Citigroup: We're Not Shopping EMI

Not For Sale

CITIGROUP has responded to reports in LONDON newspapers, saying it was not seeking buyers for EMI.

REUTERS reports "The statement came after THE OBSERVER newspaper reported on SUNDAY that CITI was lining up buyers for EMI, attempting to apply pressure on TERRA FIRMA chairman GUY HANDS."

"CITI is not currently seeking buyers for EMI and is not in talks with any prospective buyers at this time. Reports to the contrary are false. CITI holds EMI debt but does not own equity in EMI," CITIGROUP said in a statement.

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