JD Sports Fashion has exchanged contracts on July 29, 2022, to sell Footasylum Limited and its associated subsidiaries to Aurelius Group for £37.5 million (€44.7m). Aurelius is a pan-European private equity group with offices in Luxembourg, Munich, London, Stockholm, Madrid, Milan and Amsterdam and over 40 international portfolio companies. The sale was agreed in accordance with final undertakings issued by the Competition and Markets Authority (CMA) on Jan. 14, 2022, following its decision to prohibit JD’s acquisition of Footasylum last year. JD has been working with the CMA throughout the divestment process, ensuring that the buyer is acceptable to the CMA and meets certain key criteria in the final undertakings. The sale is expected to close in the coming weeks with no conditionality.

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