Top Adidas shareholder cuts stake to 3.51%

Groep Brussel Lambert NV

29/10/2024 07:01

LONDON, Oct 29 (Reuters) - Top Adidas  ADSGn.DE 
shareholder Groupe Bruxelles Lambert  GBLB.BR  has cut its stake
in the German sportswear company to 3.51%, Adidas announced in a
filing on Tuesday.
    The investment holding company owned by the billionaire
Frère and Desmarais families, GBL had announced on July 31 it
had cut its stake to 5.1% from 7.6%. 
    Adidas shares had a strong run last year and are up 16%
since the start of 2024.

 (Reporting by Helen Reid; editing by Jason Neely)
 ((Helen.Reid@thomsonreuters.com; +44 7584 155 200 ;))