Amer Sports has decided to apply for the termination of public trading in Amer Sports’ shares and for the delisting of Amer Sports’ shares from the official list of Nasdaq Helsinki.
The company will submit a delisting application to Nasdaq Helsinki requesting that the quotation of Amer Sports’ shares on the official list of Nasdaq Helsinki be terminated as soon as possible. This follows investment consortium Mascot Bidco Oy gaining title to all the shares in Amer Sports.
Amer Sports recently completed the sale of the shares and related cycling business of Mavic to private equity firm Regent.
Earlier this year, Amer Sports confirmed that, following the transaction with Mascot Bidco Oy, Amer Sports would be delisted from NASDAQ Helsinki and become a privately-owned company. However, the plan is that Amer Sports will continue as an independent company with its head office in Helsinki, Finland.
‘The ownership change is expected to provide further opportunities for the company’s business and employees globally. The consortium has planned to invest significant financial and other resources to accelerate Amer Sports’ growth globally as the company continues to drive sustainable growth, building on the strength of a leading brand portfolio.
‘The growth will be further accelerated with focus on Apparel and Footwear, Direct to Consumer, China, and United States – in line with the current priorities.’