One Equity Plans EMI Bid

Troubled music group EMI has received several approaches regarding a possible takeover, one thought to be from US private equity group One Equity Partners.

EMI told the stock exchange on Friday morning that it had received “preliminary indications of interest” from a number of parties, but that there was no certainty an offer would be made.

Press reports suggest that one of the potential bidders is One Equity, the private equity arm of JP Morgan. The firm is believed to have written to EMI chief executive Eric Nicoli regarding the possibility of a