HMV OFFLOADS HAMMERSMITH APOLLO

HMV confirmed yesterday the £32m sale of the Hammersmith Apollo to Stage-C, a company jointly owned by 02 owner AEG and Munich-based CTS Eventim. The music chain said that once the deal is sealed, the group will see £220m in bank loans extended to September 2014. The iconic art deco venue has hosted gigs from Oasis to Elton John.