Español Français Deutsch Italiano Português 汉语

Anta-led consortium makes offer for Amer Sports

Finnish group Amer Sports has confirmed it has received a takeover bid from a consortium led by Chinese sportswear company Anta. The offer values Amer Sports at €4.6 billion.

The offer price is €40 per share, which represents a premium of 13.6% compared to Amer’s last close.

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.

The Amer Sports board of directors has unanimously recommended that shareholders accept the offer. Detailed information about the offer will be published around December 20. The parties expect the deal to be completed during the second quarter of 2019 at the latest. 

In a statement, the Anta said the consortium intends to operate Amer independently from its own business. This will include having a separate board of directors.

Image credit: Salomon.

Share this story:

Milspeed D cannot be held responsible for content if the language setting is changed from English. The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.

Copyright © 2019 World Trades Publishing Limited. All Rights Reserved.