Hipgnosis Song Management says Merck Mercuriadis to step down as chairman

Hipgnosis Songs Fund

02/07/2024 15:18

July 2 (Reuters) - Hipgnosis Song Management (HSM) said
on Tuesday founder Merck Mercuriadis would step down as its
chairman once the proposed acquisition of music investor
Hipgnosis Songs Fund  SONG.L  by a firm owned by
Blackstone-managed funds gets completed.
    Blackstone  BX.N  is a majority shareholder in HSM, which
manages artists and songwriters for Hipgnosis Songs Fund.

 (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Shounak Dasgupta)
 ((abyjose.koilparambil@thomsonreuters.com; +917483275231))