At the end of last week, a consortium led by Anta Sports expressed a takeover bid for the Finnish group Amer Sports which had expired. Amount of the transaction, 4.6 billion euros.
“At the origin of this takeover bid, launched in December and completed on Thursday, is the Mascot Bidco Oy consortium, led by Anta Sports, a powerful Chinese branded sportswear group, whose value is estimated at 12.5 billions of dollars “ written L’Express with AFP. “The Chinese technological giant Tencent, the Asian investment fund FountainVest Partners and the Canadian billionaire Chip Wilson, founder of the sports textile brand Lululemon, are thus associated with this operation”
In detail, the offer made concerns approximately 94.38% of all the shares and of Amer Sports (excluding the shares held by Amer Sports or one of its subsidiaries). An official announcement regarding the outcome of the offer is expected to take place in the coming days. “Once the final results of the takeover bid are confirmed, we will work closely with the other members of the investor consortium to help Amer Sports employees stay true to premium brand values in the new chapter that opens ” Ding Shizhong, President of Anta Sports, commented in a statement.
As a reminder, Amer Sports owns several brands including Salomon, Atomic, Wilson, Mavic or even Suunto for the most famous.
The Finnish group Amer Sports, which owns the Salomon and Atomic skis and the Wilson tennis racket brand in particular, has been bought out for 4.6 billion euros by the Chinese groups Anta Sports and Tencent – https://t.co/ p0hJy3NpsH via @BFM_eco
— Stanislas Hintzy (@StanHintzy) 10 mars 2019