Sports Direct International Plc
07 November 2007
7th November 2007
Sports Direct International plc
Sale of Amer Sports Corp. Shareholding
Sports Direct International plc (the Company) announces that it has today sold
its holding of 8,768,759 shares in Amer Sports Corp., the multi-branded
manufacturer and marketer of sports equipment and technical apparel listed on
the Helsinki Stock Exchange, for €166,606,421 (approximately £116.2m). The
proceeds of sale will reduce group borrowings.
The disposal is consistent with the Company's policy of making and retaining
strategic investments for so long as the holdings of such investments provide
the Company with the opportunity to gain a strategic and commercial advantage.
- Ends -
Sports Direct International
Dave Forsey, Chief Executive 0870 333 9400
Bob Mellors, Group Financial Director
Financial Dynamics
Jonathon Brill / Ben Foster / Andrew Dowler 020 7831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
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