Mavic remains part of Amer Sports
STOCK EXCHANGE RELEASE
December 17, 2009 at 10:35 am
Amer Sports announced on September 1, 2009, that it is exploring strategic alternatives in respect of its cycling business Mavic and that this review could result in a divestiture of Mavic.
Amer Sports has during the last months evaluated several different options and has now reached the conclusion that a divestment of this business would not be in the shareholders best interest. Instead Amer Sports will concentrate its efforts on further developing its cycling business.
For further information, please contact:
Tommy Ilmoni, Vice President, IR and Corporate Communications,
tel. +358 9 7257 8233, tommy.ilmoni@amersports.com
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AMER SPORTS CORPORATION
Amer Sports (www.amersports.com) is one of the leading sporting goods companies in the world with a strong brand portfolio comprising Salomon, Wilson, Precor, Atomic, Suunto, Mavic and Arcteryx. All Amer Sports companies develop and manufacture technically advanced products that improve the performance of active sports participants. The Groups business is balanced by its broad portfolio of sports and presence in all major markets.