World Footwear

Companies

Kering sells 5.9% stake in Puma

Oct 8, 2020 Germany
Kering sells 5.9% stake in Puma
The French luxury group announced 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 the sportswear brand
Kering has announced the completion of the sale, following an accelerated book building process to qualified investors only, of approximately 5.9% of the share capital of Puma SE for a total amount of approximately 655.6 million US dollars (selling price of 74.50 US dollars per share).

As a result of the Placement, Puma’s free float is expected to be increased to approximately 61.7%. After this transaction, Kering will have a remaining stake of 9.8% of Puma’s share capital.

Kering and Artémis have entered into a lock-up agreement relating to the Puma’s shares, which lock-up is expected to end after a period of 90 calendar days from the settlement date of the shares, subject to certain exceptions or waiver by the joint global coordinators. Kering said that the proceeds of this transaction will be used for the "general corporate purposes of Kering and will further strengthen its financial structure".

Related Events

  • Oct
    24
    Oct 24-Oct 25, 2025 | Cologne, Germany

    OST - Orthopädie Schuh Technik

  • Nov
    4
    Nov 4-Nov 7, 2025 | Düsseldorf, Germany

    A+A

  • Nov
    23
    Nov 23-Nov 25, 2025 | Mainhausen, Germany

    ANWR ORDER Sport & Lifestyle

  • Nov
    30
    Nov 30-Dec 2, 2025 | Munich, Germany

    ISPO Munich

Related Organizations

  • VDL - German Leather Federation

    VDL - German Leather Federation

    Germany
  • German Shoe Museum Hauenstein

    German Shoe Museum Hauenstein

    Germany
  • HDS/L - Federal Association of German Footwear and Leather Goods Industry

    HDS/L - Federal Association of German Footwear and Leather Goods Industry

    Germany
  • IVO - International Association for Orthopaedic Shoe Technicians

    IVO - International Association for Orthopaedic Shoe Technicians

    Germany