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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Jd Sports Fashion Plc | LSE:JD. | London | Ordinary Share | GB00BM8Q5M07 | ORD 0.05P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -3.75 | -3.05% | 119.15 | 119.75 | 119.85 | 124.10 | 119.55 | 123.05 | 18,681,912 | 16:35:22 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Sport Gds Stores, Bike Shops | 10.13B | 142.5M | 0.0275 | 43.55 | 6.21B |
From Apr 2019 to Apr 2024
TIDMJD.
RNS Number : 9296Y
JD Sports Fashion Plc
09 March 2017
9 March 2017
JD Sports Fashion Plc
Potential Combination with Sport Zone in Spain and Portugal
JD Sports Fashion Plc ('JD Group'), the leading retailer of sports, fashion and outdoor brands, announces that it has agreed a Memorandum of Understanding with Sonae - SGPS, SA ('Sonae'). This sets out the basis for a combination of the JD Group's existing businesses in Spain and Portugal, JD Sprinter Holdings ('JD Sprinter'), with the Sport Zone business of Sonae which is one of the largest sports retailers in the region.
This MoU establishes the key parameters for the creation of an Iberian Sports Retail Group ('Iberian Group') that will have as shareholders the JD Group, Sonae and the family shareholders of JD Sprinter, with shareholdings of approximately 50%, 30% and 20%, respectively. Sonae and JD Sprinter have a deep knowledge of sports retail in Portugal and Spain and both will play a key role in the future strategic and operational management of the Iberian Group.
With an estimated combined turnover over EUR450 million and a store network of 287 stores (191 of which are in Spain and 96 are in Portugal), the Iberian Group will become the second largest Iberian Sports Retailer and will generate further scale, momentum and resources to continue the current growth of the JD Group.
The JD Group will make its Preliminary Results Announcement for the 52 weeks ending 28 January 2017 on 11 April 2017.
Enquiries:
JD Sports Fashion Plc Tel: 0161 767 1000
Peter Cowgill, Executive Chairman
Brian Small, Chief Financial Officer
MHP Communications Tel: 0203 128 8100
Andrew Jaques
Barnaby Fry
Gina Bell
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
March 09, 2017 02:15 ET (07:15 GMT)
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