26th Jul 2007 16:41
Sports Direct International Plc26 July 2007 26 July 2007 Sports Direct International plc Sports Direct International plc announces that it has bought 1,609,191 shares inadidas AG, a leading manufacturer and marketer of footwear, sport apparel andaccessories, for a consideration of E71,737,734 (£48,147,000). This isconsistent with Sports Direct's policy of pursuing strategic investmentopportunities where it believes that an investment will provide the opportunityto gain strategic or commercial advantage with the objective of creatingshareholder value. The consideration is being satisfied by a drawdown under an existing facility. For further enquiries, please contact: Sports Direct InternationalDave Forsey, Chief Executive 0870 333 9400Bob Mellors, Group Financial Director Financial DynamicsJonathon Brill / Andrew Dowler 020 7831 3113 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Frasers Group