XTRA:PUMLuxury
Anta Becomes Puma’s Largest Shareholder As Long Term Story Evolves
Anta Sports has agreed to acquire a 29% stake in PUMA, making it the company’s largest shareholder.
The deal links one of China’s biggest sportswear groups with PUMA, listed as XTRA:PUM in Germany.
The partnership is expected to shape future cooperation between the two brands in international markets.
PUMA shares last closed at €23.58, with the stock up 9.7% over the past week and 9.4% over the past month. Even with these recent gains, the share price remains lower on a longer view, with a...