Quiksilver to sell Rossignol skis to Australia's Macquarie

0 Comments | AFP, August, 2008

WASHINGTON (AFP) — US sporting goods maker Quiksilver said Wednesday it has agreed to sell its Rossignol ski-making group to a company controlled by Australia's Macquarie Group.

Quiksilver said it had received a binding offer of 100 million euros (147 million dollars), from Bruno Cercley, head of Chartreuse & Mont Blanc and a former chief executive of Rossignol.

Chartreuse & Mont Blanc, which is majority owned by Macquarie Group, proposed 75 million euros in cash and 25 million in debt, Quiksilver said in a statement.

The offer was for all of the Rossignol Group, which includes the sale of the Rossignol, Dynastar, Look, and Lange brands of winter sports equipment and apparel.

"This offer is a compelling transaction for Quiksilver," said Robert...