Britain's Frasers drops bid for Norway's XXL
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 20 2025
0mins
Source: Reuters
Frasers Abandons Bid: British sportswear group Frasers has decided not to proceed with its bid for Norwegian retailer XXL ASA due to the lack of acceptance from several large shareholders.
Shareholding Condition Not Met: Frasers, which owns 25.8% of XXL, stated that it could not fulfill the condition of obtaining enough shareholder support to gain over 50% control of XXL's shares and votes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
