JD Sports given go-ahead to complete ISRG acquisition
JD Sports shareholders have unanimously approved a proposal to buy out the minority shareholders in Iberian Sports Retail Group (ISRG) as the brand strengthens its foothold in western Europe.
The sports retailer will buy out the remaining 49.98% shares in ISRG in a €500.1m (£432m) deal funded by the group’s existing available cash resources.
The deal was approved unanimously by shareholders in a general meeting held today (October 9, 2023), with the transaction expected to complete successfully by tomorrow.
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