Anta plans $5.5b bid for Finnish sportswear maker

Bucking a trend of declining Chinese outbound M&A, the bid for the maker of Wilson rackets could be the country’s biggest-ever takeover of an overseas sports firm.

Hong Kong-listed Anta Sports has entered into a non-binding agreement to fully acquire the maker of Wilson rackets and Salomon sportsgear for 4.7 billion $5.5 billion, underscoring the nation’s growing influence in the global sports market.

In what could be the biggest-ever outbound acquisition by a Chinese sports company and the biggest Chinese outbound MA deal by a non-state entity in over a year, Anta Sports said it wants to pay 40 in cash for each of Amer Sports’s 116.5 million outstanding shares.

The plan outlined in a stock market filing on Tuesday is to submit the buyout proposal for the Finnish company...

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