Amer directors cleared to sell their shares to A - sportstextiles: Lea SportsTextiles

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Amer directors cleared to sell their shares to Anta-led consortium

24/01/2019
Finnish group Amer Sports held an extraordinary general meeting in Helsinki on January 23, during which it granted the members of its board of directors the right to accept the offer for their shares in the company that has been made by Mascot, a consortium led by Chinese sports brand Anta.

Previous general meetings had resolved that directors could not transfer the shares they hold. This transfer restriction has now been lifted. 

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:

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 Sports directors call extraordinary general meeting re sale 07/01/2019
Anta-led consortium makes offer for Amer Sports 07/12/2018
Lululemon founder could take stake in Amer Sports 05/12/2018
Amer Sports still focused on organic growth despite Chinese bid 20/09/2018
Amer Sports confirms interest from potential Chinese buyers 13/09/2018

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