REG - Sports Direct Intl. - Completion of sale of Dunlop brand <Origin Href="QuoteRef">SPD.L</Origin>

FrasersAnnouncement

03/04/2017 12:45

RNS Number : 3885B
Sports Direct International Plc
03 April 2017
Date: 3 April 2017
SPORTS DIRECT INTERNATIONAL PLC 
("Sports Direct" or the "Company")
Completion of sale of Dunlop brand
Further to the announcement of 27 December 2016, Sports Direct is pleased to announce that it has today completed the sale of its rights to the Dunlop brand and related wholesale and licensing businesses to affiliates of Sumitomo Rubber Industries Ltd for a cash consideration of US$137.5m (to be adjusted for net debt and working capital on completion). 
Ends
Sports Direct International plc
Cameron Olsen, Company Secretary
T. 0344 245 9200
E. investor.relations@sportsdirect.com
KBA PR  
Keith Bishop
T. 0207 734 9995
E. sd@kbapr.com

This information is provided by RNS
The company news service from the London Stock Exchange
  END
DISSSAFFDFWSEDL