ANTA Sports Products Limited·Consumer Cyclical
ANTA Sports Products Limited, together with its subsidiaries, designs, develops, manufactures, and markets sporting footwear, apparel, and accessories worldwide. The company offers sportswear, including running, cross-training, basketball, soccer, boxing, winter sports, boxing, taekwondo, gymnastics, weightlifting, wrestling, outdoor sports, women's fitness, and skiing products, as well as sports fashion clothing, kid's sports fashion clothing and sportswear, and leisure footwear products under the FILA, FILA KIDS, FILA FUSION, KINGKOW, KOLON SPORT, SPRANDI, FILA FUSION, ANTA, DESCENTE, and ANTA KIDS brands. It also provides management, product design, logistics, and information technology services; manufactures shoe soles; holds trademarks; and develops and manages properties. As of December 31, 2021, it operated 9,403 ANTA stores; 2,054 FILA stores; 182 DESCENTE stores; and 152 KOLON SPORT stores. It also exports and imports sporting shoes. The company was founded in 1991 and is headquartered in Jinjiang, the People's Republic of China. ANTA Sports Products Limited is a subsidiary of Anta International Group Holdings Limited.

China's Anta Sports paid a big premium but doesn't appear likely to launch bid for all of Puma.

European equities climbed on Tuesday, supported by a raft of positive corporate updates that eased investors' concerns over recent trade tensions, while shares of Puma soared 19% after the sportswear maker sold a stake to China's Anta Sports.

Anta will pay 1.5 billion euros ($1.79 billion), or 25 euros per share, to take a 29.06% stake in Puma. The deal also came as Puma has struggled to revive sales after the new CEO Arthur Hoeld, a former Adidas executive, took the reins last year.

China's biggest sportswear brand Anta Sports Products said on Tuesday it would buy a 29.06% stake in Puma from the Pinault family for 1.5 billion euros ($1.8 billion), making it the biggest shareholder in the German sportswear maker.

Anta Sports has agreed to acquire a 29.06% stake in Puma for $1.79 billion, which will make the Chinese sportswear company its largest shareholder.

China's Anta Sports Products said on Tuesday it had agreed to buy a 29.06% stake in German sportswear maker Puma from the Pinault family's Artémis holding company for 1.51 billion euros ($1.79 billion).