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Kering sells further 5.9 percent stake in Puma

4 monthes ago   |   By Fashion United

Image: Puma
French luxury group Kering has sold an almost 6 percent stake in Puma as it continues to wind down its investment in the German sportswear category.
Kering announced Thursday “the launch of the sell-down of approximately 8.9 million shares that it owns in Puma SE, representing approximately 5.9 percent of the share capital of Puma, through a placement to qualified investors only”.
Based on the Puma share price at the close of the Frankfurt Stock Exchange on Wednesday, the transaction would represent an amount of more than 830 million euros.
Following the placement, Kering said...
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