17:08 - 27.01.2026

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January 27, Fineko/abc.az. China's Anta Sports will become the largest shareholder of German sportswear manufacturer Puma.

ABC.AZ reports that the Pinault family of French billionaires has agreed to sell, through its holding company Groupe Artemis, a 29.06% stake in Puma for €1.5 billion in cash.

The deal, which the parties had been negotiating for several months, caused Puma's quotes to rise by 8.6%. The list of applicants also included China's Li Ning and Japan's Asics.

Last year turned out to be a bad year for Puma: the company was experiencing serious financial problems due to competition and Donald Trump's tariffs.