Universal chief: EMI sell-offs won't halt £100m cost savings

Lucian Grainge remains bullish after music giant gets green light for £1.2bn takeover, despite EC's demand for divestmentsUniversal Music chairman and chief executive Lucian Grainge has reiterated his pledge to make £100m in annual savings after buying EMI, despite being forced to sell off nearly a third of the British group, while also promising to revitalise famous labels such as Virgin Records.Grainge told investors that one rationale for Universal's £1.2bn bid for EMI Music was the abilit...

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