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Business

JD Sports confirms exploring additional funding options

Published : 4 years ago, on

(Reuters) – JD Sports Fashion Plc confirmed on Tuesday that it was exploring additional funding options which may involve a non-equity placing, as it looks to increase its flexibility to invest in future strategic opportunities.

The announcement comes a day after Sky News reported https://news.sky.com/story/jd-sports-fashion-plots-400m-share-sale-to-bolster-deals-warchest-12198844 JD Sports Fashion was in talks about a 400 million pound ($545.56 million) share sale, and was considering to launch the placement as early as this week.

Last month, JD bought Shoe Palace for $325 million in cash to expand its business on the U.S. West Coast.

($1 = 0.7332 pounds)

(Reporting by Indranil Sarkar in Bengaluru; Editing by Rashmi Aich)

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