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Bloomberg News
Kirch Holding, Germany’s second-biggest media company, may sell its stake in the country’s top publisher to HVB Group, the No. 2 bank, for about $880 million, people familiar with the plan said. The sale would help Kirch cut its $5 billion in debt and pay back a credit to Deutsche Bank.
Munich-based Kirch is trying to sell assets including its 40% stake in publisher Axel Springer Verlag to save the film business.
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