JD Sports sells stake in Applied Nutrition worth £49m
JD Sports has sold its 9.1% stake in Applied Nutrition.
The sale will yield approximately £49 million to the sports retailer, and the 22 million shares were offered in a secondary placing at £2.15 per share.
In a statement today (16 April) Applied Nutrition said: "JD Sports has been a valued and supportive partner to Applied Nutrition since its investment in 2021, including through our IPO in October 2024. Its decision to sell down its stake reflects its own strategic and capital priorities, and we are pleased it has been able... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
