Anta Sports Buys 29% Puma Stake

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Anta Sports Buys 29% Puma Stake

dealbreaker

5 months ago

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Anta Sports has reached an agreement with Groupe Artémis, the investment company of the Pinault family, to acquire a 29.06% stake in Puma SE, the company behind sports brand Puma. The stake is valued at €1.5 billion ($1.8 billion) in cash. This acquisition makes Anta Sports the largest shareholder of Puma, and it "marks a major step forward in our 'single-focus, multi-brand, globalization' strategy," Ding Shizhong, board chairman of Anta Sports, said in a statement.ANTA Sports to Acquire 29% Sta...

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