Amer Sports is focusing its portfolio by divesting Mavic cycling business.
The company confirms acquisition interest from ANTA and FountainVest.
The company continues to pursue sustainable profitable growth and prioritized acceleration.
Amer Sports also appoints executive board member for apparel.
The coordinators for the transaction were OP Corporate Bank PLC and Citigroup Global Markets Limited.
The repurchases will start at the earliest on October 30, 2017 and end on March 7, 2018 at the latest.
Bernard Millaud steps down from his current role, Gary Bryant to lead the cycling category.
The company targets annual mid-single digit organic, currency-neutral growth instead of the previous target of EUR 3.5 billion by 2020. | Read more…
First half sales were up as well, by 3%, and Amer forecasts net sales to increase for all of 2017 | Read more…
Heikki Takala says the company continues to execute at the maximum speed, guided by strategic glidepath and priorities.