M&A News: China’s Anta Sports Takes Top Shareholder Spot at Puma in $1.8B Deal

China’s Anta Sports (HK:2020) has agreed to buy around a 29% stake in Puma (PMMAF) for €1.5 billion ($1.8 billion), becoming the German brand’s largest shareholder. The deal marks a significant shift in Puma’s ownership structure and highlights Anta’s growing ambition to expand its footprint in Western athletic brands. Anta stock is up 1.6% n Hong Kong as of this writing.

For context, Anta Sports designs, manufactures, and sells athletic footwear and apparel, with brands such as Anta, FILA China, Descente, and Kolon Sport.