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Anta-led consortium targets full control of Amer Sports

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.

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