Anta Sports has offered to buy the Pinault family's 29% stake in Puma

Anta Sports has offered to buy the Pinault family's 29% stake in Puma, and sources say it has secured financing; talks have reportedly stalled and Artemis had expected offers to exceed €40 a share.

Anta Sports has offered to buy the Pinault family's 29% stake in Puma, according to people familiar with the matter. The offer was made a few weeks ago and sources said Anta had secured financing. Artemis and Puma declined to comment, and a person close to the discussions said the situation had stalled. The article notes Puma has faced falling sales and a reduced market valuation over the past year. Key points: - The article reports Anta Sports made an offer to acquire the Pinault family's 29% holding in Puma. - The article says Anta has arranged financing for the possible purchase but that talks have stalled. - The article mentions Artemis had been expecting any offer to exceed €40 per share. - The article mentions Puma's market capitalisation was reported at about €3.3 billion and that sales have weakened. Summary: The report describes an acquisition approach by Anta and that discussions are currently not progressing. Undetermined at this time.