Consortium led by China's Anta makes bid for Amer Sports

A consortium led by China's leading manufacturer of sports equipment Anta Sports published an offer here on Friday to purchase all the shares of the Finnish Amer Sports.

With 40 euros per share in cash for Amer Sports, the acquisition is valued at 4.6 billion euros, Anta Sports Products Limited announced on its official website.

The board of Amer recommended to its owners that they accept the offer.

James Zheng, the brand director of Anta Sports, was quoted by Finland's national broadcaster Yle as saying that the purchase will have no "immediate impact" on the current operations or employees of Amer as its main office will remain in Helsinki.

Finnish analysts said that with the purchase of Amer, Anta Sports would get a better position in the global market.

Amer owns world famous sports brands such as Wilson, Arc'teryx, Atomic and Salomon.

Besides Anta Sports Products Limited, the consortium also consists of investment fund FountainVest Partners, Canadian Anamered Investments and Chinese Tencent. Anta has 58 percent ownership in the consortium.