Get rid of the ADIDAS SALOMON FOR $ 624 MILLION.
The German company Adidas-Salomon AG, the second largest producer in the world of sports equipment and clothing is selling the assets of its Salomon division of the Finnish company Amer Sports Corp. The transaction value is $ 624 million, according to a press release from Adidas-Salomon. His decision to guide explains the intention of the company to focus on the production of athletic footwear, apparel and equipment.
The subject of the transaction, the completion of which is scheduled for the end of September 2005 is the company#39;s brand Salomon, Mavic, Bonfire, Arc Teryx and Cliche brands. The company Amer, the headquarters of which is located in Helsinki, is known as a manufacturer of ski equipment, Atomic, as well as accessories for tennis and golf brands Wilson.
