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Article: AMER CLEARED TO ACQUIRE SALOMON WINTER SPORT BUSINESS, BUT WITH STRINGS.
- Article from:
- European Report
- Article date:
- October 15, 2005
CopyrightCOPYRIGHT 2005 Europolitics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Finnish winter sports goods manufacturer Amer Group is free to acquire the Salomon business segment of Germany's Adidas-Salomon AG in a deal worth around euro 485 million, after receiving clearance by the European Commission. However, the terms of the clearance require that Salomon modify its current cooperation agreement with the Austrian ski manufacturer Fischer GmbH. The decision comes after a Commission merger control investigation concluded that an unconditional clearance of the acquisition could lead to significantly reduced competition in the markets for cross-country skis, particularly in Austria, Germany and France.
Both Salomon and Amer Group, ...