ANTA Sports Makes Bid to Acquire 29% Stake in German Puma

Deep News01-09

ANTA SPORTS has submitted an offer to the French Pinault family to acquire their 29% stake in German sportswear company Puma; if the transaction is finalized, ANTA would replace the Pinault family as Puma's largest single shareholder. According to publicly available information, ANTA SPORTS had previously been identified as one of the potential bidders for a takeover offer for Puma. Should it proceed with the bid, ANTA may collaborate with a private equity fund to execute the deal, following a model similar to its previous acquisition of Amer Sports. Other potential bidders include Li-Ning, Japan's Asics, brand management giant Authentic Brands Group, and private equity firm CVC. Sources indicate that ANTA's efforts to acquire Puma have currently reached a standstill.

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