XXL ASA news and archive

Frasers Group takes control of XXL ASA amid liquidity and supply chain challenges

British fashion giant Frasers Group has taken over XXL ASA after its largest shareholder divested its shares. The news comes on the back of the Norwegian sporting goods retailer announcing that it is in need of short-term liquidity “in order not to breach its financial covenants”. Frasers, which had been pursuing a takeover of XXL since 2024,...

Member

Business

Frasers Group to make another bid for Norway’s XXL ASA

Frasers Group is once again pursuing XXL ASA. The company issued a statement via the Oslo Stock Exchange to confirm that it was to make a mandatory offer for the remaining shares of the Norwegian sportswear retailer. As part of a fully underwritten rights issue announced by XXL in January, Frasers will be granted just under 28.8 million...

Member

Business

Frasers Group halts takeover of Norway’s XXL ASA

British retail giant Frasers Group has announced that it will no longer proceed with its intended offer for Norwegian sporting goods retailer, XXL ASA. In an announcement shared via the Oslo Stock Exchange, Frasers said that the offer had been subject to several conditions, and thus it “reserved the right not to proceed” if it “became evident...

Member

Business

Frasers Group eyes takeover of Norway’s XXL ASA

In its continued pursuit of international expansion, Frasers Group has announced its intention to make a voluntary offer for all of the shares of Norwegian sporting goods retailer, XXL ASA. The proposed offer amounts to around 17 million pounds, and is expected to be made through a controlled subsidiary of Frasers, which already owns 25.8...