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ANTA SPORTS Opens Up 1.5% after Splashing EUR1.5B+ to Buy 29% Stake in PUMA
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ANTA SPORTS (02020.HK) opened 1.51% higher today (27th) at HK$77.5, with 458,600 shares traded in the pre-market session, amounting to HK$35.3991 million. ANTA SPORTS announced an acquisition of 43.0148 million PUMA SE shares (29.06% of the entire issued share capital) from Artemis at a price of EUR35 per ordinary share, totaling EUR1.506 billion (around RMB12.278 billion). Through the acquisition of a strategically significant minority stake and becoming Puma SE's largest shareholder, ANTA SPORTS expects to further enhance its presence and brand recognition in the global sporting goods market, thereby strengthening its overall international competitiveness. AAStocks Financial News |
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