JD Sports combination with Sport Zone
StockMarketWire.com - JD Sports Fashion has exchanged conditional contracts to combine its existing business in Iberia, JD Sprinter Holdings 2010, with the Sport Zone business, which is a subsidiary of Sonae - SGPS, one of the largest sports retailers in Spain and Portugal.
As part of the transaction, JD will also purchase shares in JDSH from Balaiko Firaja Invest SL, which is the investment vehicle for the current minority family shareholder in JDSH.
At 8:10am: (LON:JD.) JD Sports Fashion PLC share price was -0.75p at 374.75p
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