ANTA Sports to Acquire 29% Stake in PUMA, Further Strengthening Globalization Strategy
ANTA SPORTS PRDS UNSP/ADR (ANPDY)
NASDAQ:AMEX Investor Relations:
ir.anta.com
Company Research
Source: Business Wire
Accelerates multi-brand globalization strategy and enhances ANTA’s global reach and competitivenessBrings proven growth track record to help unlock PUMA’s potential globally including in ChinaSupports PUMA’s management, strategy, brand autonomy and identityHas no current plans to make a takeover offer for PUMA HONG KONG--(BUSINESS WIRE)--ANTA Sports Products Limited (“ANTA Sports” or the “Company,” stock codes: 2020 (HKD counter) and 82020 (RMB counter), and its subsidiaries collectively the “Group”), today announced it has reached a share purchase agreement with Groupe Artémis, the investment company of the Pinault family, to acquire a 29.06% stake in PUMA SE, the company behind iconic global sports brand PUMA. The stake is valued at EUR 1.5 billion in cash. The transaction marks a significant step in ANTA Sports’ globalization strategy, further enhancing its reach, recognition and competitiveness in the global sporting goods market.The transaction is expected to close by the end
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