Ajanta Oy and Novator have raised their joint stake in Amer Sports Corp to 25.17 pct, Amer said. The companies aim to 'accelerate the growth and transformation' of Amer.

Previously, Novator held 3 percent in Amer Sports, while Ajanta had 22 percent. A Novator spokesman told Thomson Financial that after buying 50 percent of Ajanta's stake, Novator's holding in Amer will be around 14 percent, while Ajanta's share will be reduced to around 11 percent.

According to an Amer release, “The intention of this partnership is to introduce a strong owner in Amer Sports Corporation with the objective of accelerating the growth and transformation of the company. Amer Sports will provide more details about the changes in ownership when the company has receive further information.`