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Euronews
Euronews
Eleanor Butler

Puma shares soar on report China’s Anta Sports could bid for brand

German sports brand Puma saw its share price rise over 14% on Thursday morning after a report that China’s Anta Sports is exploring a takeover.

Hours before the opening bell in Frankfurt, Bloomberg News reported that Hong Kong-listed Anta had been working with an adviser to evaluate a bid for Puma. The company may team up with a private equity firm if it decides to move forward with an offer.

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