Accent Group (ASX:AX1) confirmed that it is in active discussions with Frasers, a London Stock Exchange-listed company, about granting the company the right to launch and operate the Sports Direct business including online in Australia and New Zealand, according to a Monday Australian bourse filing.
The transaction may also involve Frasers raising its existing 14.57% shareholding in Accent.
The companies have not agreed on binding transaction documents, and there is no certainty of a deal, the filing added.
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