Frasers Group eyes bid for Norwegian sports giant

Frasers Group is planning to submit a takeover offer for Norwegian sporting goods chain XXL Sport & Villmark as it eyes further international expansion.
The Sports Direct owner, which is the chain’s second largest shareholder, holding a 25.8% stake, will offer 10 kroner for every share of equity that it does not own, valuing the retailer at around £17.45m.
Frasers said it has the “relevant experience to have a chance at saving XXL”, which has been suffering with profi