Amer Sports reports that Varma Mutual Pension Insurance Company has raised its stake in the company from 4.78 to 5.19 percent. Meanwhile, Amer says it has completed a share buyback program announced last Aug. 15, involving a total of 3 million shares purchased at an average price of €9.18. As a result, Amer now owns about 3.3 percent of its own shares and voting rights. Separately, Amer announced the signing of a five-year, €200 million syndicated revolving credit facility that will raise its liquidity and help refinance its existing syndicated loan.
Related articles
-
ArticleSnowleader raises €15 million
Thomas Roualt, founder and CEO, has announced on his LinkedIn page that Snowleader has raised €15 million in a fourth round of financing in 15 years (the company turned 15 years old last year). According to Fusacq and others, half of the funds stem from equity capital and half from ...
-
ArticleNew CFO for Kent Outdoors, secures $100m credit facility, plans sale of bike business
US group Kent Outdoors, which comprises 15 outdoor and action sports brands, including HO/Hyperlite, Connelly, Liquid Force, Onyx, Aquaglide, Barefoot/Fatsac and Bote, has appointed Rob Otto to the company’s leadership team as Chief Financial Officer. Otto joined Kent after successfully completing the sale of RW Designs, a wholesale and direct ...
-
OpinionCorporate social responsibility - could this be a way to reduce staff fluctuation?
There has been a culture change towards employment in my lifetime: no longer are workers expecting jobs for life. The change has already happened but is sparking something greater with those affected. My graduating students realize they need work skills and know that a period of attachment with a brand ...