Frasers sells Malaysian Sports Direct business for over £100m

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Frasers Group has agreed the sale of its interest in Sports Direct Malaysia to MAP Active for c.$150m (£113.2m).

The retailer said that, subject to final completion adjustment, the deal will see Frasers enter a “long-term agreement” with MAP Active, under which it will “further grow and develop Sports Direct in Malaysia, with a continuing income stream payable to Frasers Group”.

 

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