Amer Sports confirms interest from potential Chi - sportstextiles: Lea SportsTextiles

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Amer Sports confirms interest from potential Chinese buyers

13/09/2018
A Chinese consortium involving sports group Anta is attempting to acquire Amer Sports, the Finnish group has confirmed. Amer Sports is the parent company of Arc’teryx, Salomon, Wilson, Peak Performance, Atomic, Mavic, Suunto and Precor.

Amer said in a statement that Hong Kong-based private investment group FountainVest Partners has joined forces with Anta to carry out the acquisition, offering Amer shareholders €40 per share. This represents a premium of around 17% on the current share price, but news of interest from China has pushed the Amer share price to around €34, its highest level in the last five years.

The Finnish group commented: “At this time, Amer Sports is not engaged in any negotiations with the consortium and has made no decisions in respect of the indication of interest.”


Related stories:

Apparel drove Amer to record sales in 2018 08/02/2019
Amer directors cleared to sell their shares to Anta-led consortium 24/01/2019
Anta-led consortium makes offer for Amer Sports 07/12/2018
Lululemon founder could take stake in Amer Sports 05/12/2018

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