Herzogenaurach / Helsinki, September 21, 2005 - adidas-Salomon’s divestiture of the Salomon business segment to Amer Sports Corporation, announced on May 2, 2005, is now anticipated to be completed in mid-October, instead of the end of September as expected earlier. The change is due to the EU competition authorities’ revised processing schedule and will not impact the financial terms of the transaction.
Consolidation of the Salomon business segment within the adidas-Salomon Group is still expected to end on September 30, 2005. adidas-Salomon is one of the global leaders within the sporting goods industry and offers a broad range of products with brands such as adidas and TaylorMade in its portfolio. In 2004, adidas-Salomon posted net sales of € 6.5 billion and net income of € 314 million.
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