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China's Anta Sports completes €1.51 billion acquisition of 29.06% stake in Puma
China's largest sportswear maker, Anta Sports, completed the acquisition of a 29.06% stake in international brand Puma from Artemis, the investment vehicle of France’s Pinault family. The all-cash deal was valued at €1.51 billion (US$1.7 billion) and closed on Wednesday with the transfer of over 43 million shares. Anta expects the stake to boost Puma’s performance in China.
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