PARIS/BERLIN (Reuters) - Shares in Puma fell 3.5% on Tuesday after French luxury group Kering said it had completed the sale of a 5.9% stake in the German sportswear company for approximately 656

Oct 7, 2020 Noerr has advised Kering S.A on the further reduction of its stake in Puma SE. The French luxury goods group has sold around 8.8 million

The correct version follows: By Joshua Kirby Kering to sell part of its Puma stake See more. All press releases . Find all the Kering press releases here. Discover. EN FR Kering announced the sale of part of its stake in German sporting-goods company Puma SE through an accelerated bookbuilding process. The French luxury-goods conglomerate said it would sell shares representing around 5.9% of Puma’s share capital. The stake is worth around EUR687 million, based on Puma share price at closing on Monday.

Share E Y X T A. Save [Z PUMA acquires majority stake in Dobotex Herzogenaurach, December 2, 2008 – Sportlifestyle company PUMA and its Dutch licensee Dobotex announced today, that PUMA will become the majority shareholder of Dobotex as of January 1, 2009, subject to approval by anti-trust authorities. Puma struggled after it was bought by Kering for 5.3 billion euros in 2007, but it has enjoyed a revival in the last few years, helped by sponsorships of top football teams and partnerships with celebrities like Rihanna and Selena Gomez. The sale reduces Kering’s stake in Puma to 9.8% from a previous 15.7%. Kering To Divest Part Of Its Puma Stake October 6, 2020 Daily News Industry News Kering announces the launch of the sell-down of approximately 8.8 million shares that it owns in Puma SE, representing approximately 5.9% of the share capital of Puma, through a placement to qualified investors only. The sale reduces Kering's stake in Puma to 9.8% from a previous 15.7%.

The Group wants to focus more on its luxury brands. The largest shareholding in Puma could soon be … 2018-01-12 2019-09-25 Shares in Puma fell 3.5% on Tuesday after French luxury group Kering said it had completed the sale of a 5.9% stake in the German sportswear company for approximately 656 Kering, which owns fashion brands like Gucci, Saint Laurent and Balenciaga, still has a 15.7 percent stake after spinning off 70 percent of Puma to its shareholders last year. These investors include Artemis, the holding company for the Pinault family that founded and controls Kering, and which is now Puma's leading investor with a stake of just under 29 percent.

Kering gives up majority stake in Puma to focus on luxury brands | Marketing Interactive · Kering plans to keep a stake in Puma for at least six months - News :

2020-10-06 Kering, which owns fashion brands like Gucci, Saint Laurent and Balenciaga, still has a 15.7% stake after spinning off 70% of Puma to its shareholders last year. Shares in Puma fell 3.5% on Tuesday after French luxury group Kering said it had completed the sale of a 5.9% stake in the German sportswear company for approximately 656 million euros ($772 million). Kering has increasingly focused on its high-margin luxury brands like Gucci, Saint Laurent and Balenciaga Shares in Puma fell 3.5% on Tuesday after French luxury group Kering said it had completed the sale of a 5.9% stake in the German sportswear company for approximately 656 Kering, owner of the Gucci brand, plans to become a pure luxury-goods company by distributing most of its stake in German sportswear business Puma to shareholders.

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That move left the Kering sold 70% of Puma to its existing shareholders in 2018 as the group pivoted to focus on its luxury brands. A 41% controlling stake in Kering is held by Groupe Artémis, the private investment Shares in Puma SE fell in early trade Tuesday after French luxury-goods conglomerate Kering sold a 5.9% stake in the company for roughly 655.6 million euros ($772.7 million). Artémis, the Pinault family investment vehicle which holds a 40.9 percent stake in Kering, will become a “long-term strategic shareholder” in Puma, with a 29 percent stake. Kering is believed to have long explored its options to dispose of Puma. Puma shares dip as Kering sells 5.9% stake Shares in Puma SE fell in early trade Tuesday after French luxury-goods conglomerate Kering sold a 5.9% stake in the company for roughly 655.6 million euros ($772.7 million).

Sep 25, 2019 Kering seeks to reduce its stake in Puma, issuing bonds that can be exchanged for shares. It owns a 15.7% stake in the sportswear brand. Later in 2003, Kering raised its stake in the Gucci Group to 67.6 percent, and stake in the German multi-national sport and lifestyle company Puma for 5.3 Oct 9, 2020 Noerr advised Kering S.A..
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Kering, which owns fashion brands like Gucci, Saint Laurent and Balenciaga, still has a 15.7% stake after spinning off 70% of Puma to its shareholders last year.

2020-10-07 Noerr has advised Kering S.A on the further reduction of its stake in Puma SE. The French luxury goods group has sold around 8.8 million shares at a price of €74.50 per share to selected investors in an accelerated bookbuilding process. After the announcement, the German sportswear company stocks fell more than 3% Stocks impacted: Kering (KER), Puma (PUM) French luxury group Kering said it had completed the sale of a 5.9% stake in Puma through an accelerated bookbuilding process for approximately 656 million euros ($772 million), with the transaction corresponding to a selling price of 74.50 euros per share. Kering is selling 8.8 million shares, representing 5.9 percent of Puma's capital.

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Following this transaction, Kering will have a remaining stake of 9.8% of Puma’s share capital. Kering and Artémis have entered into a lock-up agreement relating to the Puma’s shares, which lock-up is expected to end after a period of 90 calendar days from the settlement date of the Shares, subject to certain exceptions or waiver by the joint global coordinators.

Kering's 550 million dollar bond issue is due in 2022, and will be the equivalent of between 3.5 to 3.7 percent of the share of capital of Puma. Despite Kering wanting to reduce its stake in the brand, Puma is actually performing very well. Puma gets new owners. Majority shareholder Kering has announced that it will sell its majority stake in Germany's second-largest manufacturer of sports goods. The Group wants to focus more on its luxury brands. The largest shareholding in Puma could soon be held by the French entrepreneurial family Pinault. PARIS, France — Kering is set to spin off German sportswear label Puma by distributing a majority of its stake to its own shareholders as part of the French conglomerate’s long-held plans to focus purely on luxury.

Puma's largest shareholder remains Artemis, the holding company for the Pinault family that founded and controls Kering, which has a stake of just under 29%. Puma shares dip as Kering sells 5.9% stake

· Read Next Article · WWD KERING is distributing 70 percent of its stake in Puma to shareholders in order to focus on its luxury portfolio of brands. Sep 25, 2019 Kering seeks to reduce its stake in Puma, issuing bonds that can be exchanged for shares. It owns a 15.7% stake in the sportswear brand. Later in 2003, Kering raised its stake in the Gucci Group to 67.6 percent, and stake in the German multi-national sport and lifestyle company Puma for 5.3 Oct 9, 2020 Noerr advised Kering S.A.. Kering announced the sale of part of its stake in German sporting-goods company Puma SE through an accelerated Oct 6, 2020 Shares in Puma fell 3.5% on Tuesday after French luxury group Kering said it had completed the sale of a 5.9% stake in the German sportswear Oct 7, 2020 Noerr has advised Kering S.A on the further reduction of its stake in Puma SE. The French luxury goods group has sold around 8.8 million Jan 11, 2018 Speculation that Kering would divest Puma has been longstanding. The group first acquired a majority stake in Puma in 2007 for 5.3 billion Oct 5, 2020 Following the Placement, Kering is expected to retain approximately 9.8% of Puma's outstanding shares.

Specifically, Kering’s announcement that it had sold off its 5.9 percent stake, worth approximately €656 million EUR ($772 million USD), initiated a 3.5 percent drop for PUMA, the latest in Kering To Divest Part Of Its Puma Stake October 6, 2020 Daily News Industry News Kering announces the launch of the sell-down of approximately 8.8 million shares that it owns in Puma SE, representing approximately 5.9% of the share capital of Puma, through a placement to qualified investors only.