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26 Jan 2021 | 07:28

JD Sports says it is considering equity raise

(Sharecast News) - JD Sports Fashion confirmed on Tuesday that it is exploring additional funding options as it looks to increase its flexibility "to invest in future strategic opportunities", and said this may involve a non pre-emptive equity placing. The retailer, which was responding to recent press speculation that it was exploring an equity capital raise, said a further announcement will be made as and when appropriate.

According to Sky News, JD is in talks about a £400m share sale and could launch an equity placing as soon as this week. A source told Sky the size has yet to be determined but would be about £400m.

Last month, JD Sports bought US shoe retailer Shoe Palace for $325m.
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