JD Sports has entered into exclusive negotiations with the owners French sports retail group Courir and has said it aims to complete an acquisition valued at €520 million.

Courir is currently majority owned by Equistone Partners Europe. In accordance with French law, Courir management will now commence consultation processes with employee representative bodies prior to being able to enter into a binding agreement for the transaction. The transaction will also need to be notified to the European Commission in accordance with European Union law. Completion is conditional on receipt of merger control approval but JD Sports said it remained optimistic about completing the acquisition before the end of 2023.

Share this story: