JD Sports buys control of Iberian Sports Retail for €500m

UK sportswear retailer JD Sports Fashion said it was buying the minority holding in Iberian Sports Retail Group currently held by Balaiko Firaja Invest and Sonae Holdings for €500.1m.

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JD Sports Fashion

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

It ISRG also has a 98% holding in the Deporvillage online business and a 50.1% holding in Bodytone fitness equipment, JD said in a statement.

Reporting by Frank Prenesti for Sharecast.com