Corporate and M&A

Kering trims its stake in Puma to 9.8%

2020-10-06T16:03:00

Kering has completed the sale of about 8.8 million shares in Puma for €655.6 million, further reducing its stake in the company from 15.7 percent to 9.8 percent. Kering held 86.3 percent of Puma’s shares before spinning off most of them to its own shareholders in 2018 in order to ...

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