JD Sports Fashion (LSE:JD.) has disposed of its entire 9.1% holding in Applied Nutrition (LSE:APNA), raising approximately £49 million, equivalent to about $66.49 million, according to a bookrunner on Thursday.
The retailer had been the second-largest shareholder in Applied Nutrition prior to the sale, making the transaction a full exit from its position in the supplement company.
Following the announcement, shares in Applied Nutrition dropped by as much as 3.53% to 218.5 pence, while JD Sports Fashion’s stock moved higher, gaining 2.3%.
Leave a Reply