euro adhoc: adidas-Salomon AG
Mergers - Acquisitions - Takeovers /
adidas-Salomon to sell Salomon to Amer Sports Corporation
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
02.05.2005
For immediate release May 2, 2005
Herzogenaurach / Helsinki - adidas-Salomon AG announced today that it has entered into a sale and purchase agreement to sell its Salomon business segment, including the related subsidiaries and brands Salomon, Mavic, Bonfire, ArcTeryx and Cliché, to the Amer Sports Corporation. This agreement has been approved by the adidas-Salomon Supervisory Board. The transaction values the segment at approximately EUR 485 million based on year-end 2004 figures. The final cash purchase price will be adjusted to reflect changes in capital employed. In addition, adidas-Salomon and Amer will enter into collaboration agreements in order to ensure a smooth transition. The sale is subject to antitrust authorities approval in the EU, the US and other relevant jurisdictions. The transaction is expected to complete by the end of September 2005.
(End of ad hoc release)
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Media/IR Contacts:
adidas-Salomon AG Adi-Dassler-Str. 1-2 91074 Herzogenaurach corporate.press@adidas.de investor.relations@adidas.de
Media Relations Investor Relations Jan Runau Natalie M. Knight Head of Corporate PR Head of Investor Relations Tel.: +49 (0) 9132 84-3830 Tel.: +49 (0) 9132 84-3584 Mobile: +49 (0) 160 884-3830
Anne Putz Hendric Junker
Corporate PR Manager Investor Relations Manage
Tel.: +49 (0) 9132 84-2964 Tel.: +49 (0) 9132 84-4989
Mobile: +49 (0 )160 884-2964
Sebastian Steffen
Investor Relations Manager
Tel.: +49 (0) 9132 84-3824Please visit our corporate website: www.adidas-Salomon.com
end of announcement euro adhoc 02.05.2005 13:55:19
Further inquiry note:
Henrik Orth
Junior Investor Relations Officer
Telefon: +49(0)9132 84 29 20
E-Mail: Henrik.Orth@adidas.de
Branche: Recreational & Sports goods
ISIN: DE0005003404
WKN: 500340
Index: Prime Standard, DAX, HDAX, Prime All Share, CDAX
Börsen: Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Frankfurter Wertpapierbörse / official dealing