Exclusive: Frasers Group acquires stake in athletic giant Puma
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Frasers Group has acquired a stake in Puma, purchasing 246,000 shares valued at over €5.5 million. This acquisition grants Frasers 0.17% voting rights. Additionally, Frasers holds 8.3 million put option shares, potentially increasing voting rights by 5.61% if exercised. The shares are registered under Mike Ashley's name per German regulations. Puma, founded in 1948, is the third-largest sports apparel manufacturer globally.
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