ANTA Sports Completes EUR 1,505.5 Million Purchase of 29.06% PUMA Stake

PR Newswire··CNDEFR·Read original
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Summary · why it matters

ANTA Sports Products Limited has completed its acquisition of a 29.06% stake in PUMA SE from Artémis SAS, the investment company of the Pinault family, for EUR 1,505.5 million in cash, making the Chinese sportswear group PUMA's largest shareholder. The deal closed after receipt of all relevant regulatory approvals and fulfillment of customary closing conditions. ANTA Sports said the investment marks a major milestone in its single-focus, multi-brand, globalization strategy and that it will bring management, retail and global resource integration expertise to PUMA. Board Chairman Ding Shizhong said ANTA has confidence in PUMA's management team and supports the strategic transformation currently underway, while respecting the brand's independence and identity. PUMA CEO Arthur Hoeld welcomed ANTA Sports as largest shareholder and called its long-term commitment a strong vote of confidence in the company's strategy. ANTA Sports said it will seek adequate representation on PUMA's Supervisory Board and currently has no plans to make a takeover offer for PUMA.

Impact on assets 2

Consumer Discretionary▲
ANTA Sports Products Ltd
2020
▲ PositiveCapitalrelevance

ANTA completed a EUR 1,505.5M cash acquisition of a 29.06% PUMA stake, making it PUMA's largest shareholder under its multi-brand globalization strategy.

PUMA SE
PUM
▲ PositiveCapitalrelevance

ANTA Sports became PUMA's largest shareholder with a long-term commitment and support for its strategic transformation, a vote of confidence from its new anchor investor.

Off-coverage companies 1

Artémis SASi
Private▲ PositiveCapitalrelevance

Artémis SAS sold its 29.06% PUMA stake to ANTA Sports for EUR 1,505.5 million in cash, completing the divestment.