Anta-led consortium targets full control of Amer - sportstextiles: Lea SportsTextiles

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Anta-led consortium targets full control of Amer Sports

12/03/2019
Finnish group Amer Sports has confirmed that a consortium led by Chinese sportswear group Anta has agreed to acquire more than 94% of the total shares in the company.

It has said it expects the transfer of these shares to be completed by the end of March. 

In addition, the consortium has signalled its intent to acquire the remaining shares in the company and has opened a separate offer period, which will run from March 13 to March 27. During this time, the remaining shareholders will have the opportunity to accept the offer for their shares. 

The consortium will then announce the final percentage of shares validly tendered on or around April 1, after which settling of the share value will be completed. 

As well as Anta, other parties involved in the consortium are 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.

Related stories:

Lululemon founder takes stake in Anta Sports 03/07/2019
Lululemon reports one of ‘strongest years yet’ 28/03/2019
Amer Sports explores sale of Mavic cycling brand 15/03/2019
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
Amer Sports directors call extraordinary general meeting re sale 07/01/2019
Anta-led consortium makes offer for Amer Sports 07/12/2018

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