A group of investors are planning to bid about 1.7 billion euros ($2.2 billion) for Adidas AG’s Reebok unit, the Wall Street Journal said, citing people familiar with the matter.
Jynwel Capital, a Hong Kong-based private-equity investor, and funds affiliated with the government of Abu Dhabi plan to make an offer to Adidas’s directors “imminently,” the report said. It isn’t clear how the sporting-goods company will respond, the Journal said.
