The French luxury goods group PPR holds 62% of Puma shares

The French Pino – Spring – Raytheon Group (PPR) announced on the 17th that through a phased public offering of shares, the group already holds a 62.1% stake in the German sporting goods giant Puma.

The French Pino – Spring – Raytheon Group (PPR) announced on the 17th that through a phased public offering of shares, the group already holds a 62.1% stake in the German sporting goods giant Puma.

In April of this year, PPR Group announced that it had signed an agreement with the German Hertz family to acquire 27.1% of Hummer at a price of 330 euros per share, and said that it would be goodwill to acquire the remaining shares of the company.

Since mid-May, PPR has started a public stock acquisition plan. According to relevant German law, the group’s public acquisitions will be postponed to July 11. Prior to this, shareholders who still hold Hummer shares can sell shares to PPR at a price of 330 Euros per share.

It is reported that the management of Hummer expressed support for this and believed that the transaction was fair.

The French PPR Group is a world-renowned luxury goods group, which owns many world-renowned brands such as Gucci and Yves Saint Laurent.

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