Amer Sports Takeover by Chinese Companies Becoming More Likely

HELSINKI, Finland – It started with Amer Sports’ announcement that it wants to sell its activities in the cycling market with Mavic and Enve on 5 September. Now it looks like the entire Finnish holding will be sold to the Chinese companies ANTA Sports Products and FountainVest Partners. Amer Sports last week’s trading update indicates that there are movements taking place that can eventually lead to the Chinese companies taking over all shares in Amer Sports.