Skis Rossignol stock sizzles on Quicksilver

0 Comments | AFP, January, 2005

PARIS (AFP) — Shares in French group Skis Rossignol, the biggest manufacturer of ski equipment in the world, sizzled upwards by 12.66 percent in the first trading session of the New Year followiing a newspaper interview that US sports group Quicksilver was stalking a stake.

Shares in Skis Rossignol rose by 12.66 percent to 17.35 euros. There has been heavy speculative trading in the stock since November 12.

The business newspaper Les Echos carried an interview on Monday with Skis Rossignol chairman Bernard Mariette that Quicksilver had begun talks with the main shareholder, the founding family, with a view to buying its interest.

The family, Boix-Vives, controls about 45 percent of the capital and 63 percent of the voting rights.

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