7th Nov 2007 18:00
Sports Direct International Plc07 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 soldits holding of 8,768,759 shares in Amer Sports Corp., the multi-brandedmanufacturer and marketer of sports equipment and technical apparel listed onthe Helsinki Stock Exchange, for €166,606,421 (approximately £116.2m). Theproceeds of sale will reduce group borrowings. The disposal is consistent with the Company's policy of making and retainingstrategic investments for so long as the holdings of such investments providethe Company with the opportunity to gain a strategic and commercial advantage. - Ends - Sports Direct InternationalDave Forsey, Chief Executive 0870 333 9400Bob Mellors, Group Financial Director Financial DynamicsJonathon Brill / Ben Foster / Andrew Dowler 020 7831 3113 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Frasers Group