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Kering takes its Puma shareholding below 10% and raises €650m

07/10/2020
Kering takes its Puma shareholding below 10% and raises €650m

Luxury group Kering has completed the sale of almost 9 million shares in sports brand Puma. It said this exercise had generated more than €650 million, which it intends to use to strengthen its financial structure and for “general corporate purposes”.

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