Sports Direct dissolves stake in MySale Group

Credit: REUTERS/SIMON DAWSON

Mike Ashley's Sports Direct International Plc dissolved its stake in online retailer MySale Group Plc, a filing showed on Monday. [nRST6079Za]

May 20 (Reuters) - Mike Ashley's Sports Direct International Plc SPD.L dissolved its stake in online retailer MySale Group Plc MYSL.L, a filing showed on Monday.

Sports Direct has been trying to ramp up its operations as it tries to buy smaller players in the sector.

Sports Direct, which is MySale's fourth largest shareholder, had a 4.8% stake in the company.

(Reporting by Samantha Machado in Bengaluru; Editing by Shailesh Kuber)

((Samantha.machado@thomsonreuters.com; Within UK +44 20 7542 1810; Outside UK +918067499956; Reuters Messaging: Samantha.machado@thomsonreuters.com))

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