南華早報·商業· Zhu Wenqian·· 12 days agoAI score67
Anta completes acquisition of 29.06% stake in Puma to become largest shareholder
How Puma fits into Chinese sportswear maker Anta’s plan to challenge global rivals
AI briefing
China's largest sportswear company Anta Sports has completed the acquisition of a 29.06% stake in German brand Puma, becoming its largest shareholder. The transaction was conducted entirely in cash, priced at €1.51 billion (US$1.7 billion), with the seller being the investment vehicle of France's Pinault family, Artemis. Anta is using the deal to strengthen its competitiveness against global rivals such as Nike and Adidas.
Source: 南華早報·商業 · scmp.com