Portugese retailing giant Jeronimo Martins has revealed that following its most recent divestment, UK sporting goods retailer Lillywhites, its debt level is now below €1.3bn (US$1.5bn). Analysts quoted in local newspaper Semanario Economico added that Jeronimo could reduce this debt further through the sale of its Jumbo retail chain in Poland to France's Leclerc for €50m.