JD Sports Sells Applied Nutrition Stake for 49 Million
British retailer JD Sports has sold its 9.1% stake in Applied Nutrition for 49 million pounds. The sale of 22.75 million shares was completed at a 5% discount.
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JD Sports Fashion PLC has completed the sale of its entire 9.1% stake in Applied Nutrition PLC for approximately 49 million pounds ($66.47 million). The sportswear retailer was the second-largest shareholder in the brand, which is known for its protein powders, performance supplements, and energy drinks.
