Two investors prepare a public acquisition offer (OPA) by the German sportswear manufacturer Puma, Manager Magazin reported Wednesday, which raised the price of its shares more than 11%.
The Executive Director of Authentic Brands, Jamie Salter, and the German director of the Private Capital firm CVC, Alex Dibelius, expressed interest in the 29% participation of the Pinault family, which paves the way for a possible offers war, the German magazine reported.
A person close to Artemis, the French family holding, said there was no active sales process for participation in Puma despite the interest of some parts and added that the information of the German media was “objectively false.”
Puma was the company that rose the most in the European Stoxx 600 index, although its shares depreciated in the middle of this year.
Puma and CVC declined to comment on the report. Authentic Brands did not respond to requests for comments.
MOST CONTEXT: Artémis of the Pinault family will not sell their participation in Puma to the current value
Authentic Brands could give a second air to Puma
Reuters reported last week that Artemis will not sell his participation in Puma to his current market value and is not in conversations for an agreement.
Salter’s Authentic Brands is known for acquiring and revitalizing brands in crisis such as Forever 21 and Aeropostale clothing chains, and in 2021 he bought Reebok from Adidas, thus surpassing the competition of his CVC rival.
Bloomberg reported in August that Artemis was probing possible buyers for his participation in Puma, valued at approximately 960 million dollars.
The Pinault family acquired participation in Puma de Kering in 2018 after the group of luxury articles sold the actions to focus on its main business.
With Reuters information
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