HMV lenders plan to block efforts from US investment company Apollo Global Management to buy the retailer’s debt with a view to a full takeover potentially on the cards in future.

It was reported last month that Apollo had already taken on 10% (more than £20m) of HMV’s debt from Allied Irish Bank with further acquisition movements predicted by analysts. 

HMV lenders, however, are said to be reluctant to sell their loans too cheaply and hopeful the retailer can survive ...