Atomic And Salomon To Be Sold To Chinese Investors?
The corporate owner of Salomon and Atomic may be sold to Chinese investors. Finnish Amer Sports has revealed last week that it had received what they termed as "indication of interest" from a consortium of Chinese sportswear company Anta and FountainVest Partners, a Hong Kong private equity group. It must be quite a serious "indication of interest" since, unusually, the offer size was revealed: the Chinese are ready to purchase the whole Amer Sports for a rather princely €4.6 billion in all-cash buyout. Or over 25% more than the market value of the company was before the announcement ( Amer Sports is a publicly traded company) Anta is big in team sports in China and is starting to make inroads into pro-basketball in the US: they just unveiled signature Klay Thompson shoes…