Puma soars in pre-market after Anta buys stake

PUMA SE

27/01/2026 06:54

** Shares in Puma PUMG.DE rise 20% in premarket indications after Anta Sports Products 2020.HK said on Tuesday it would buy a 29.06% stake in the sportswear firm from the Pinault family for 1.5 billion euros  ($1.8 billion)

** Reuters was the first to report the deal earlier this month

** "The deal is odd in that Puma was apparently not involved, even though a competitor will become its largest shareholder," Morningstar analysts say

** Morningstar expects some controversy in Germany about an investment in Puma from a Chinese company, but a deal block seems unlikely since it is not a full takeover

** Shares in Puma have fallen 32% in the past 12 months

($1 = 0.8421 euros)

 (Reporting by Paolo Laudani in Gdansk)

 ((Paolo.laudani@thomsonreuters.com))