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Story summary
- Anta Sports Products will acquire a 29.06% stake in Puma for €1.5 billion, making it Puma's largest shareholder, with closing expected by the end of 2026.
- The deal values Puma shares at €35 each, a 62% premium over Puma's recent closing price.
- Anta aims to enhance Puma's competitiveness and brand recognition, particularly in China, as part of its global expansion.
- The deal awaits regulatory approvals.
