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ANTA Sports Becomes PUMA’s Largest Shareholder With USD 1.7 Billion Deal

Leading Chinese multinational sportswear company ANTA Sports Products Limited (or ANTA Sports for short) has acquired a 29.06 percent stake in the PUMA Group for approximately USD 1.7 billion, making it the German sportswear brand’s largest single shareholder. ANTA Sports is currently positioned as the world’s third-largest sportswear company by revenue behind Nike and Adidas. Stopping short...