adidas-Salomon AG has received all relevant EU antitrust clearances for the divestiture of its Salomon business segment to the Amer Sports Corporation. The U.S. competition authorities have given their approval earlier. The transaction is expected to close within the next week.

The Salomon business segment includes the related subsidiaries and brands Salomon, Mavic, Bonfire, Arc’Teryx and Cliché. As previously announced, the transaction value for the Salomon business segment is expected to be approximately € 485 million based on year-end 2004 figures. The final price will be adjusted in accordance with net assets as at September 30, 2005. adidas-Salomon does not expect these adjustments to have a material impact on the financial terms of the transaction. In conjunction with the transaction, adidas-Salomon and Amer will enter into collaboration agreements in order to ensure a smooth transition post closing.

“This transaction clearly creates a winning outcome for all parties. At adidas-Salomon, we are able to sharpen our focus and can now harness our resources even more efficiently going forward,” said adidas-Salomon CEO Herbert Hainer.

“Salomon's product offering fits perfectly with our business model and improves the position of our brands”, says Roger Talermo, President and CEO, Amer Sports Corporation.