Amer Sports directors call extraordinary general - sportstextiles: Lea SportsTextiles

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Amer Sports directors call extraordinary general meeting re sale

07/01/2019
The sale of Finnish group Amer Sports to Mascot, a consortium led by Chinese sports brand Anta, could take an important step towards completion on January 23.

Amer’s board of directors has announced that an extraordinary general meeting will take place in Helsinki that day. One of the important resolutions the directors hope to push through is the lifting of restrictions on their own ability to accept Mascot’s offer for the shares they hold. Previous general meetings resolved that directors could not transfer the shares they hold.

Mascot’s offer values Amer Sports at €4.6 billion. The consortium also includes Hong Kong-based private investment group FountainVest Partners, internet giant Tencent Holdings, and Anamered Investments, an investment company owned by the founder of Lululemon, Chip Wilson.

Amer Sports is the parent company of Arc’teryx, Salomon, Wilson, Peak Performance, Atomic, Mavic, Suunto and Precor.


Related stories:

Lululemon reports one of ‘strongest years yet’ 28/03/2019
Amer Sports explores sale of Mavic cycling brand 15/03/2019
Anta-led consortium targets full control of Amer Sports 12/03/2019
Another year of strong growth for Anta Sports 26/02/2019
Anta shareholders approve Amer acquisition 22/02/2019
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

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