JD Sports completed the acquisition of an additional 50% stake in Iberian Sports from Balaiko Firaja Invest and Sonae for €500m.

JD Sports, a sportswear store, completed the acquisition of an additional 50% stake in Iberian Sports, a branded sports and casual wear provider, from Balaiko Firaja Invest and Sonae, a company with a diversified portfolio of businesses in retail, financial services, technology, for €500m ($543m). “ISRG is a highly successful business and one of the leading players in sports retail in Iberia. By bringing the two businesses closer together, there is significant potential for accelerating growth," Régis Schultz, JD Sports CEO.