Kering starts distribution of Puma shares - sportstextiles: Lea SportsTextiles

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Kering starts distribution of Puma shares

17/05/2018
Shareholders in luxury group Kering are to receive one share in sports brand Puma for every 12 Kering shares they own.

The group announced last year that it was considering selling its share in Puma. Its shareholders agreed with the proposal last month and the divestment is now under way.

However, Kering will retain around 15% of the share capital in Puma and its most recent announcement on the subject outlines its plans for distributing Puma shares among Kering shareholders.


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