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German Sportswear Stock Puma Soars ~17% as ANTA SPORTS Acquires 29% Stake for RMB12.2B+
Recommend 8 Positive 12 Negative 2 |
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German sportswear stock Puma soared 16.9% to EUR21.63 on the German equity market overnight (26th). ANTA SPORTS (02020.HK) announced that it has conditionally agreed to purchase 43.01 million ordinary shares of Puma, representing approx. 29.06% of the Company's issued share capital, at the consideration of EUR35 per share, amounting to EUR1.5055 billion in aggregate, equivalent to RMB12.278 billion. AASTOCKS Financial News Website: www.aastocks.com |
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