Sportswear giant Reebok International has increased its shareholding in its Mexican subsidiary, Reebok Mexico, as part of a policy of expansion in the region.

The Financial newspaper El Economista reported that the increased stake gave the company a majority holding of 51%. The terms of the deal have not been disclosed, but it is known the shares accounted for 21% of the company and were purchased from a group of Brazilian and Argentine investors.

Share this story: