London — EMI Group Ltd (EMI), one of the world’s major music companies, announced Monday that the Board of Directors of its holding company, EMI Group Global, has launched a review to determine whether recapitalization, a possible sale or an IPO are options.

The company, which is owned by Citigroup, made a statement that there was no certainty that the process would result in a transaction, and that they would not disclose further development until their board had approved the strategic plan.

EMI was acquired by Citigroup in February, which in turn announced a recapitalization of the company to reduce its debt by 65%, and provide over $484 million in financing.

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