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Warner Music Group unit closes merchandising acquisition

Warner Music Group Germany Holding GmbH completed a previously announced merchandising acquisition.

The assets acquired from funds associated with Sycamore Partners Management LP include certain shares of E.M.P. Merchandising Handelsgesellschaft mbH and all of the share capital of MIG Merchandising Investment GmbH.

The Warner Music Group Corp. indirect subsidiary paid about €165.6 million upon closing of the deal.