News

JD Sports buys $28m Sprinter stake

20/06/2011

UK sportswear retailer JD Sports Fashion has bought a €20m ($28m) purchase of a stake in Sprinter, a Spanish sportswear retailer.

JD’s €20m cash purchase on 20 June 2011 of a 50.1% stake in Sprinter is through its subsidiary JD Sprinter Holdings. The remaining 49.9% of Sprinter’s shares are held by Sprinter founders the Segarra family and the Bernad family, who have been investors in Sprinter for 15 years.

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