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Universal Music Group have agreed to sell Sanctuary Records to BMG Rights Management.
The alleged £40 million move will see the rights to Black Sabbath, Iron Maiden and Megadeth change hands.
The deal has been completed as part of disposals required by regulators as Sanctuary Records is among the asset sales asked for by European regulators after Universal's acquisition of EMI Group.
Sanctuary Records also holds the rights to The Kinks and Motorhead and is the second second label Universal have had to sell recently.
The record company also agreed to sell Parlophone, home to Coldplay, Tina Turner and the Pet Shop Boys to Warner Music Group for $784 million.
BMG is a Berlin-based management company who also bought EMI's Mute record label last year as they look to expand further.
The rights for Black Sabbath have been sold to BMG Rights Management
BMG Chief Executive Officer, Hartwig Masuch said: "“We have made no secret of our ambition to create a new force in the music industry focused on delivering service and revenue to artists.”
"We believe this deal will be good news for those artists, good news for our partners particularly in the independent sector and good news for the music industry as a whole.”
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