Consortium to buy Amer Sports shares

An investor consortium consisting of Anta Sports, FountainVet Partners, Anamered Investments and Tencent has announced a voluntary recommended public cash tender offer by the newly incorporated Mascot Bidco Oy for all the issued and outstanding shares in Amer Sports Corp on Friday. The tender offer values Amer Sports’ entire issued and shares capital at about 4.6 billion euros ($5.23 billion). Ding Shizhong, chairman and CEO of Anta Sports, said the company is excited to bring its premium international brands and products to Chinese consumers. Amer Sports owns internationally recognized brands including Salomon and Arc’teryx.