Confirming rumors that had been circulating since last fall, the Chinese sportswear giant is acquiring a 29.06% equity stake in Puma for €1,505.5 million ($1,803.4 mm) in cash, financed from Anta’s internal cash resources. Groupe Artémis, the investment company of the Pinault family, has held the shares since Kering spun off Puma in 2018. The deal is expected to close by the end of 2026, subject to approval by the PRC’s Competition Authority and other agencies. Anta must pay a €100 million penalty to Artémis if it can’t get the required ... Log in to view full article.