Frasers Group Plc acquires some assets of Dave Whelan Sports Limited

Frasers Group Plc (LON: FRAS) has acquired some of the properties from the administrators of Dave Whelan Sports Limited.

  • As per the agreement, the Frasers Group has acquired some of the assets relating to Dave Whelan Sports fitness and gym business. The acquisition also includes certain stock, though they exclude the business names and IP of DW.
  • The acquisition was for an initial cash consideration of £37 million and an additional consideration up to a maximum of £6,900,000 may be payable depending upon the number of leasehold interests eventually acquired.
  • On 24 August 2020, at the time of writing, GMT 09:02 AM, FRAS shares were trading at GBX 347.00, up by 0.60 points or 0.17% against the previous day closing price.