Puma shares soar 15% as Anta Sports builds stake

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January 27, 2026 2:18 AM EST

FILE PHOTO: Puma Speedcat OG sneakers are displayed at the Puma Mostro House in Paris, France, January 24, 2025. REUTERS/Abdul Saboor/File Photo

Jan 27 (Reuters) - ⁠Shares ⁠in ‍Puma rose 15% in early Frankfurt trading ‍on Tuesday after China's Anta ​Sports Products said it ​would buy a 29.06% stake in the German sportswear maker.

Anta will buy the ​stake from the Pinault family for 1.5 billion ​euros ($1.8 billion), making it Puma's biggest ‌shareholder.

"The deal is odd in that Puma was apparently ​not involved, even ⁠though a competitor will become its ‌largest shareholder," analysts from Morningstar said in a note ‌to investors.

Hong Kong-listed Anta Sports will ‌pay 35 euros per Puma share in cash, marking a 62% ‍premium to the German group's closing price ⁠of 21.63 euros on Monday.

($1 = 0.8421 euros)

(Reporting by Paolo Laudani in Gdansk, editing by Milla Nissi-Prussak)


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