A consortium led by China’s Anta Sports Products is closing in on a €5.6bn takeover of Finland’s Amer Sports in what would be the largest outbound deal into Europe by a Chinese company this year.
If successful, Anta, China’s largest sportswear brand by revenue, would acquire Amer’s portfolio, which includes Atomic skis, Salomon mountain sports gear, Louisville Slugger baseball bats and Wilson tennis rackets. That would bolster its offering ahead of the Beijing 2022 Winter Olympics.
The deal would mark the culmination of a multi-month negotiation that has seen the Finnish owner of a hodgepodge of sporting equipment brands resist the overtures of its Chinese suitor.
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