Kering: begins sale of part of Puma stake
(CercleFinance.com) - Kering has announced the sell-down of approximately 8.
9 million Puma shares, representing approximately 5.9% of this group's capital, as part of a placement with qualified investors, through accelerated bookbuilding.
Following the placement, the company will have approximately 4% of Puma's shares in issue, with Puma's free float reaching approximately 66.7%. The net proceeds of the transaction will be used for Kering's general corporate needs and will further strengthen its financial structure.
Copyright (c) 2021 CercleFinance.com. All rights reserved.