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Stock Market2 months ago· 1 min read

Puma shares surge 20% after China’s Anta Sports agreed to acquire a 29% stake in the company

💥🇩🇪 PUM = +20%

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Puma shares surge 20% after China’s Anta Sports agreed to acquire a 29% stake in the company for $1.78 billion, valuing the deal at €53 per share.

The deal signals renewed Chinese strategic interest in European consumer brands and strengthens expectations of operational synergies and expansion in Asia, driving strong upside momentum in PUMA

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