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HMV sale nets €2.2m

HMV has sold its 121-store Canadian unit to Hilco UK, raising £2m (€2.23m) to cut debt and help the firm stay in business.

The move by the music and entertainment company comes days after HMV's shareholders backed the £53m (€59.2m) disposal of its Waterstone's book chain to Russian billionaire Alexander Mamut.