Anta eyes acquisition of Amer

Sportswear firm makes $5.5b approach for Finnish athletic equipment maker

China's Anta Sports Products Ltd is planning to further expand its business scale in a bid to challenge Nike and Adidas, with a 4.7 billion-euro ($5.5 billion) approach for one of the world's biggest athletic gear makers.

Anta said it and Chinese buyout firm FountainVest Partners made an indicative offer for Amer Sports Oyj of Finland, which makes the Wilson tennis rackets used by Serena Williams as well as Atomic and Salomon ski equipment.