JD Sports strengthens position in Iberia with £427m acquisition
JD Sports is set to buy out the minority shareholders in Iberian Sports Retail Group (ISRG) to acquire 100% of the brand as it strengthens its foothold in the Iberian peninsula.
The sportswear retailer announced plans to buy out the remaining 49.98% shares in ISRG in a €500.1m (£427m) deal funded by the group’s existing available cash resources.
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