Kering Sells 5.9% Puma Stake for Around EUR805 Million
27 Mai 2021 - 8:59AM
Dow Jones News
By Pietro Lombardi
Kering netted roughly 805 million euros ($981.7 million) by
selling a 5.9% stake in German sporting-goods company Puma SE.
The French luxury-goods conglomerate said Thursday that, after
the sale, it still has a stake of about 4% in the German
company.
The money will be used to reinforce its financial structure and
for general corporate purposes, it said.
The Puma shares were sold at EUR90.3 each to qualified investors
through an accelerated bookbuilding process.
Write to Pietro Lombardi at pietro.lombardi@wsj.com;
@pietrolombard10
(END) Dow Jones Newswires
May 27, 2021 02:50 ET (06:50 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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