The Chinese sportswear giant is now Puma’s largest shareholder as Anta has completed its purchase of Artemis SAS’s 29.06% stake for €1,505.5 million in cash, according to releases from both parties. The deal was first announced Jan. 27 and received approval from China’s State Administration for Market Regulation last month. Anta restated its aim to seek “adequate representation” on Puma’s Supervisory Board as part of the deal, confirming it has no plans for a takeover offer and respects Puma’s independent governance and brand autonomy.

Anta deemed the purchase a “major milestone” in ... Log in to view full article.