IN BRIEF (Page 17)
China Daily | Updated: 2009-03-04 08:04
Terra Firma loss
Terra Firma Capital Partners Ltd, the London-based buyout firm founded by Guy Hands, reported a 1.39 billion-euro loss for 2008 after writing down two investments.
Terra Firma wrote off about half its 2.6 billion-euro investment in UK music company EMI Group Ltd, according to a person familiar with the situation who declined to be identified because the information isn't public. Terra Firma bought EMI, the record label of Coldplay and Katy Perry, two years ago.
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