China's Anta Sports muscles in with $1.8 billion move for 29.1% Puma stake
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China's Anta Sports has agreed to acquire a 29.06% stake in Puma from the Pinault family's Artémis for €1.51 billion ($1.79 billion), making Anta Puma's largest shareholder. The deal involves purchasing 43 million shares at €35 each. This acquisition comes as Puma faces challenges in reviving sales under new CEO Arthur Hoeld. The transaction is pending antitrust and regulatory approvals, with an extraordinary general meeting planned by Anta to finalize the deal.
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