Adidas receives go-ahead to sell Salomon to Amer Sports

0 Comments | AFP, October, 2005

HERZOGENAURACH, Germany (AFP) — Adidas-Salomon, the German maker of sportswear and equipment, said that the sale of its French subsidiary Salomon to Finnish firm Amer Sports Corporation would be completed next week after receiving all the necessary regulatory approval.

"We have received all relevant anti-trust clearances for the sale of Salomon to Amer and the transaction is expected to close within the next week," Adidas-Salomon said in a statement.

The group, which will henceforth be known simply as Adidas, had announced in May that it planned to sell Salomon to Amer in a deal worth 485 million euros (582 million dollars).

Salomon specialises in winter sports, alpine and cross-country skis, snowboards and inline skates. But it also includes Mavic, a brand...