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5 months ago
BRIEF-JD Sports announces potential tie-up with Spain & Portugal's Sport Zone
March 9, 2017 / 7:23 AM / 5 months ago

BRIEF-JD Sports announces potential tie-up with Spain & Portugal's Sport Zone

March 9 (Reuters) - Jd Sports Fashion Plc

* Potential combination with sport zone in spain and portugal

* Jd sports fashion plc announces that it has agreed a memorandum of understanding with sonae - sgps, sa

* Will create an iberian sports retail group that will have as shareholders jd group, sonae and family shareholders of jd sprinter, with shareholdings of approximately 50%, 30% and 20%, respectively.

* Iberian group will become second largest iberian sports retailer and will generate further scale, momentum and resources to continue current growth of jd group Source text for Eikon: Further company coverage: (Reporting By London Bureau)

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