As expected, the retailers affiliated with Sport 2000 in France approved their acquisition of the 52 percent stake held by Activa Capital in their company at an extraordinary shareholders' meeting on Nov. 22. Supported by bank loans, the retailers will finance the acquisition in different ways, changing the status of Sport 2000 France back to that of a cooperative. Activa had stepped into the company in 2011 to help finance an ambitious expansion program involving the establishment of directly owned stores, but it didn't work out. Its final pull-out should be completed by the end of this month.

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