Anta Sports to acquire 29% stake in Puma for EUR1.5B in cash

Anta Sports (ANPDY) announced it has reached a share purchase agreement with Groupe Artemis, the investment company of the Pinault family, to acquire a 29.06% stake in Puma SE (PUMSY). The stake is valued at EUR1.5Bin cash. The transaction is expected to close by the end of 2026, subject to relevant regulatory approvals and customary closing conditions. The equity acquisition will be entirely financed with ANTA Sports’ internal cash resources. Ding Shizhong, Board Chairman of ANTA Sports, commented: “This acquisition makes ANTA Sports the largest shareholder of PUMA and marks a major step forward in our ‘single-focus, multi-brand, globalization’ strategy. PUMA is an iconic global brand with substantial heritage. Working with PUMA, we look forward to learning from each other and joining hands to fully unlock the brand’s full potential. This will further accelerate ANTA Sports’ globalization, and help drive the next chapter of growth for the global sports markets including China – creating lasting value for both companies’ consumers and shareholders worldwide.”