Oct 6, 2020 (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

Kering trims Puma stake with 500 million euro bond The luxury holding completed the spinoff of the German clothing and sports equipment company in May 2018. The group led by François Pinault still had 15.7% of the capital. Sep 25, 2019 — 6:04pm Mds Related topics k Kering. Share E Y X T A. Save [Z

Kering said Monday that it would sell 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. Kering trims Puma stake with 500 million euro bond The luxury holding completed the spinoff of the German clothing and sports equipment company in May 2018. The group led by François Pinault still had 15.7% of the capital. kering to sell part of its puma stake Kering announces the launch of the sell-down of approximately 8.8 million shares that it owns in Puma SE (" Puma "), representing approximately 5.9% of the share capital of Puma (the " Shares "), through a placement to qualified investors only, as defined in Article 2 point (e) of Regulation (EU) 2017/1129, by way of an accelerated bookbuilding process 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. Kering sold the 5.9% stake in the German sporting-goods company to investors following a bookbuilding process, the company said.

Kering puma stake

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. Kering relinquished some of its remaining PUMA shares on October 6, the Business of Fashion reports, triggering a small tumble in PUMA’s stock price. 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 the […] 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 soccer 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 is selling 8.8 million shares, representing 5.9 percent of Puma's capital.

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

After the group built up its portfolio of luxury brands, it stopped acquisitions and capitalized on its brands' organic growth. In 2020, Kering made 13.1 billion euros in revenue, -17.9% from the previous 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

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.

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.
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"Puma Shares Slip After Kering Sells Part of Its Stake," at 0739 GMT, incorrectly said Kering sold the stake to Artemis. The correct version follows: By Joshua Kirby Kering to sell part of its Puma stake See more.

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.
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agricoltura Essere meditazione kering puma distribution bendare orientamento Luxury group Kering to spin off Puma stake to shareholders | Financial Times

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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

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%. Kering, which had announced its plan to sell the stake on Tuesday, said the transaction corresponded to a selling price of 74 kering to sell part of its puma stake Kering announces the launch of the sell-down of approximately 8.8 million shares that it owns in Puma SE (" Puma "), representing approximately 5.9% of the share capital of Puma (the " Shares "), through a placement to qualified investors only, as defined in Article 2 point (e) of Regulation (EU) 2017/1129, by way of an accelerated bookbuilding process Kering said Monday that it would sell 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. 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%.