Puma could be potential takeover target of Anta Sports Products - report (Google translated)
Puma [FRA:PUM], the German sportswear group, could be a potential takeover target of Anta Sports Products [HKG:2020], a China-based sports footwear retailer, the online edition of Oriental Daily reported.
The Chinese- language news item noted that Kering [EPA:KPR], the French parent of Puma, had just announced that it would spin off Puma by distributing 70% of the company to its shareholders with Artémis becoming a long-term strategic shareholder of Puma with an ownership of about 29%.
It is speculated that after the share transfer by Kering, Puma will become a potential takeover target of Asian corporate such as Anta Sports Products, the report said.
Puma has a EUR 4.8bn market cap.
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