M&A Activity • Sep 14, 2017
M&A Activity
Open in ViewerOpens in native device viewer
Maia, 14 September 2017
Sonae – SGPS, SA (Sonae) hereby announces that following the closing of a Memorandum of Understanding, announced in March 2017, it has, through one of its subsidiaries, Sonae MC Modelo Continente SGPS, S.A., successfully reached an agreement with JD Sports Fashion Plc, Balaiko Firaja Invest S.L. and JD Sprinter Holdings 2010, S.L. (JD Sprinter), in relation to the combination of JD Sprinter and Sport Zone, on materially the same terms as previously announced to the market.
As is customary for a transaction of this nature, the completion of this transaction is subject to the fulfilment of conditions precedent dependent on 3rd parties, including anti-trust approval.
On behalf of the Board of Directors,
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.