News

Puma shareholder takes the money and runs

04/06/2003

Puma’s biggest shareholder has sold its entire 39% stake in the German sportswear brand, leaving the company without a majority shareholder for the first time in its 55 year history.

 

US film production company Regency successfully placed its 6.7 million shares at Eur86 each yielding a return of Eur576 million as a broad base of investors clamoured to buy the stock. 

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