Chinese sportswear company Anta has reportedly signed an acquisition agreement with Shenzhen-based sportswear and footwear giant Belle International.

Motive Force, a wholly-owned Anta subsidiary will acquire an 85% stake in Belle’s Full Prospect, which owns the Fila license for Greater China. Motive Force is to buy a 100% stake in Fila Marketing from Lead Chance, another Belle subsidiary.

The first acquisition will set the company back CNY357.7 million ($52.4 million), and the second will cost HKD50 million ($6.5 million). Subject to approval, the deal is expected to be completed on September 30.

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