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Birmingham Post
Birmingham Post
Business
Jon Robinson

JD Sports to take full control of Spanish group in €500m deal

JD Sports JD ISRG Iberia

JD Sports is to acquire the remaining shares it currently doesn't hold in a Spanish company for over €500m.

The Greater Manchester-headquartered group is to snap up the 49.98% shares in Iberian Sports Retail Group (ISRG) which are held by Balaiko Firaja Invest, S.L. and Sonae Holdings, S.A.

ISRG currently operates more than 460 stores across Europe including JD Sports in Iberia, Sprinter in Spain, Sport Zone in Portugal and Aktiesport and Perry Sport in the Netherlands.

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