Con­sor­tium to buy Amer Sports shares

China Daily - - BUSINESS -

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.

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